Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in the District of Columbia
DCFRSTFISHNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
2275.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in the District of Columbia series measures the economic output of those industries in the District. This statistic is important for understanding the role of natural resource-based sectors 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 economic indicator tracks the inflation-adjusted value of goods and services produced by the forestry, fishing, and related activities industry in the District of Columbia. It provides insight into the relative size and performance of this sector compared to the overall economy.
Methodology
The data is calculated based on estimates from the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this indicator to evaluate the health and competitiveness of the District's natural resource industries.
Key Facts
- The forestry, fishing, and related activities sector accounts for less than 1% of the District of Columbia's GDP.
- This industry has experienced steady growth in recent years, outpacing the overall D.C. economy.
- The District has a small but specialized natural resource-based economy compared to other major U.S. metropolitan areas.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the economic output of the forestry, fishing, and related activities industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the performance and relative importance of natural resource-based sectors in the District of Columbia's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of industry activity.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the competitiveness and development of the District's natural resource industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in the District of Columbia (DCFRSTFISHNGSP), retrieved from FRED.