Gross Domestic Product: Federal Civilian in the District of Columbia
DCGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,527.50
Year-over-Year Change
44.49%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) generated by the federal civilian workforce in the District of Columbia. It is an important indicator for understanding the economic impact of the federal government in the nation's capital.
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: Federal Civilian in the District of Columbia series tracks the economic output associated with federal civilian employees working in Washington, D.C. This metric provides insight into the role of the federal government as an employer and economic driver in the local and national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on employment and earnings information.
Historical Context
Policymakers and economists use this trend to analyze the influence of the federal workforce on the Washington, D.C. metropolitan area and the broader U.S. economy.
Key Facts
- The federal civilian workforce accounts for over 25% of GDP in Washington, D.C.
- This trend has grown by over 50% in the past two decades.
- Federal spending and employment are major economic drivers in the nation's capital.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Federal Civilian in the District of Columbia series measures the economic output generated by federal civilian employees working in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic role and influence of the federal government as an employer in the Washington, D.C. metropolitan area and the broader U.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 based on employment and earnings information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the impact of the federal workforce on the Washington, D.C. metropolitan area and the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis with minimal update delays.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in the District of Columbia (DCGOVFEDCIVNGSP), retrieved from FRED.