Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia
DCGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.66
Year-over-Year Change
5.14%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia measures the inflation-adjusted output of the government sector in the region. This metric is crucial for economists and policymakers to assess the fiscal health and economic contribution of the public sector.
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 real volume of goods and services produced by the government and government enterprises in the District of Columbia. It is a valuable indicator of the government's economic activity and productivity, which informs fiscal and budgetary decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in relative prices over time.
Historical Context
Analysts and policymakers use this index to evaluate the government's role in the regional economy and to inform fiscal and economic policies.
Key Facts
- The index has a base year of 2012 = 100.
- Government and government enterprises account for approximately 30% of D.C.'s GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the government and government enterprises sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the fiscal health and economic contribution of the public sector in the region, which informs policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to evaluate the government's role in the regional economy and to inform fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia (DCGOVQGSP), retrieved from FRED.