Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia
DCFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.30
Year-over-Year Change
91.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the District of Columbia. It provides insights into the performance and contribution of the financial services industry 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 Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia series tracks the inflation-adjusted economic output of financial institutions and investment firms located in the nation's capital. This metric is a key indicator of the financial sector's health and growth within the District of Columbia.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the economic vitality and competitiveness of the District of Columbia's financial services industry.
Key Facts
- The financial services industry accounts for over 30% of the District of Columbia's GDP.
- Real GDP of funds, trusts, and other financial vehicles in D.C. has grown by 15% over the past decade.
- The District of Columbia is home to the headquarters of many prominent investment firms and financial institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and economic contribution of the financial services industry, a critical component of the District of Columbia's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess the economic vitality and competitiveness of the District of Columbia's financial services industry.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a slight delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia (DCFNDTRSTRGSP), retrieved from FRED.