Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia
DCFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
518.30
Year-over-Year Change
4699.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) generated by funds, trusts, and other financial vehicles in the District of Columbia. It provides insights into the financial services sector's contribution to 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
The Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia series tracks the economic output of the financial services industry in the nation's capital. This data is useful for analyzing the role of the financial sector in the local economy and its impact on overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for policymakers, investors, and economists analyzing the financial services industry's influence on the District of Columbia's economy.
Key Facts
- The financial services sector accounts for a significant portion of the District of Columbia's GDP.
- GDP from funds, trusts, and other financial vehicles in the District of Columbia has shown steady growth over the past decade.
- The performance of the financial services industry is a key indicator of the District of Columbia's economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) generated by funds, trusts, and other financial vehicles in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial services sector's contribution to the local economy, which is crucial for policymakers, investors, and economists analyzing the District of Columbia's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, investors, and economists to assess the influence of the financial services industry on the District of Columbia's economy and to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and limitations of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia (DCFNDTRSTNGSP), retrieved from FRED.