Real Gross Domestic Product: Federal Civilian in the District of Columbia
DCGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,902.60
Year-over-Year Change
4.07%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic indicator measures the real gross domestic product (GDP) of the federal civilian workforce in the District of Columbia. It provides insight into the productivity and economic contributions 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 Real Gross Domestic Product: Federal Civilian in the District of Columbia series tracks the inflation-adjusted economic output of federal civilian employees based in Washington, D.C. This metric is used by economists and policymakers to assess the fiscal and employment trends within the federal government.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using employment, earnings, and other economic statistics.
Historical Context
This indicator offers important context for evaluating the economic and fiscal health of the federal government and the D.C. metropolitan area.
Key Facts
- The federal civilian workforce in D.C. accounts for over half of the region's GDP.
- This metric has shown steady growth since the early 2000s.
- Federal civilian GDP in D.C. is a key driver of the local and national economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real gross domestic product (GDP) of the federal civilian workforce based in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic contributions of the federal government in the nation's capital, which is a key driver of the local and national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using employment, earnings, and other economic statistics.
Q: How is this trend used in economic policy?
A: This indicator offers valuable context for evaluating the fiscal health and economic impact of the federal government, which is crucial for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with occasional revisions to prior periods.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in the District of Columbia (DCGOVFEDCIVRGSP), retrieved from FRED.