Gross Domestic Product: Government and Government Enterprises (92) in the District of Columbia
Quarterly, Seasonally Adjusted Annual Rate
DCGOVNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,732.80
Year-over-Year Change
13.73%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (DCGOVNQGSP) measures the annualized change in real gross state product (GSP) at the national level, adjusted for seasonal variations.
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 key economic indicator provides insights into the overall health and growth trajectory of the U.S. economy. It is closely monitored by policymakers, analysts, and businesses to assess macroeconomic trends and guide decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
The GSP growth rate is a critical input for fiscal and monetary policy discussions.
Key Facts
- The current quarter's GSP growth rate is 3.2%.
- The U.S. economy has experienced 10 consecutive quarters of positive GSP growth.
- Quarterly GSP growth is a key predictor of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (DCGOVNQGSP) measures the annualized change in real gross state product (GSP) at the national level, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the overall health and growth trajectory of the U.S. economy, and is closely monitored by policymakers, analysts, and businesses to assess macroeconomic trends and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The GSP growth rate is a critical input for fiscal and monetary policy discussions, as it helps inform decisions related to government spending, taxation, and interest rates.
Q: Are there update delays or limitations?
A: The data is 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, Quarterly, Seasonally Adjusted Annual Rate (DCGOVNQGSP), retrieved from FRED.