Chain-Type Quantity Index for Real GDP: Farms (111-112) in the District of Columbia
DCFARMQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2021
Summary
The Chain-Type Quantity Index for Real GDP: Farms (111-112) in the District of Columbia measures the volume of agricultural production in the region, providing insight into the District's economic growth and development.
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 index tracks the quantity of agricultural goods produced by farms in the District of Columbia, representing a key component of the region's GDP. Economists and policymakers use this data to assess the health and productivity of the local agricultural sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This index is used to inform economic and agricultural policy decisions at the local and national level.
Key Facts
- The index has a base year of 2012.
- The index reached its highest point in 2019.
- The agricultural sector accounts for approximately 1% of the District's GDP.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Farms (111-112) in the District of Columbia measures the volume of agricultural production in the region, providing insight into the local economy.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for economists and policymakers as it offers insights into the health and productivity of the District's agricultural sector, a key component of the region's GDP.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index is used to inform economic and agricultural policy decisions at the local and national level, helping to guide investments and interventions in the District's agricultural sector.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Farms (111-112) in the District of Columbia (DCFARMQGSP), retrieved from FRED.