Gross Domestic Product: Farms (111-112) in the District of Columbia
DCFARMNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Farms (111-112) in the District of Columbia' trend measures the economic output of the farming sector in Washington, D.C. This data is important for understanding the role of agriculture in the local economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the gross domestic product (GDP) originating from the farm industry in the District of Columbia, including crop and animal production. It provides insights into the relative size and performance of the agricultural sector within the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Policymakers and economists use this data to analyze the economic impact of the farming industry in the District of Columbia.
Key Facts
- The District of Columbia has a relatively small farming sector compared to other regions.
- Farming contributes less than 1% to the overall GDP of the District of Columbia.
- The farming GDP in the District of Columbia has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) originating from the farm industry in the District of Columbia, including crop and animal production.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the relative size and performance of the agricultural sector within the local economy of the District of Columbia, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the economic impact of the farming industry in the District of Columbia and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Farms (111-112) in the District of Columbia (DCFARMNGSP), retrieved from FRED.