Chain-Type Quantity Index for Real GDP: Military in the District of Columbia
DCGOVFEDMILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.67
Year-over-Year Change
-1.15%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Military in the District of Columbia measures the real output of the military sector in Washington, D.C. This statistic is important for economists and policymakers to understand the economic impact of federal government military activities in the region.
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 index tracks the quantity of real gross domestic product (GDP) produced by the military sector in Washington, D.C. over time. It provides insight into the economic activity and productivity of the federal government's military operations in the nation's capital.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national accounts.
Historical Context
Trends in this index are closely monitored by economists, policymakers, and government officials to assess the role of the military in the District of Columbia's economy.
Key Facts
- The index has a base year of 2012.
- Military spending accounts for a significant portion of D.C.'s economy.
- The index is a component of the national GDP by industry data.
FAQs
Q: What does this economic trend measure?
A: This index measures the quantity of real gross domestic product (GDP) produced by the military sector in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the economic impact of federal government military activities in the nation's capital.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national accounts.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and government officials closely monitor this index to assess the role of the military in the District of Columbia's economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve as part of the national economic accounts.
Related Trends
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in the District of Columbia
DCMINQGSP
Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
DCOTHSERVENQGSP
Value of Exports to Israel from District of Columbia
DCISRA052SCEN
All Employees: Real Estate and Rental and Leasing in the District of Columbia
SMU11000005553000001A
Total Tax Exemptions for District of Columbia
TOTEXMDC11A647NCEN
All Employees: Special Food Services in the District of Columbia
SMU11000007072230001A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Military in the District of Columbia (DCGOVFEDMILQGSP), retrieved from FRED.