Real Gross Domestic Product: Government and Government Enterprises (92) in the District of Columbia
DCGOVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,737.50
Year-over-Year Change
5.14%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the government and government enterprises sector in the District of Columbia. It is an important indicator of the economic activity and fiscal health of the federal government and local D.C. government.
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: Government and Government Enterprises (92) in the District of Columbia metric tracks the inflation-adjusted value added by the government sector to the overall economy of the District of Columbia. This series is used by economists and policymakers to analyze the role of the public sector in the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This economic indicator provides insight into the fiscal and economic conditions that influence government policies and spending decisions.
Key Facts
- The government sector accounts for over 30% of D.C.'s total GDP.
- Real government GDP in D.C. has grown by an average of 2.3% annually since 2010.
- The federal government is the largest employer in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted value added by the government and government enterprises sector to the overall economy of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the fiscal and economic conditions that influence government policies and spending decisions in the D.C. region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the role of the public sector in the regional economy and make informed decisions about fiscal and economic policies.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in the District of Columbia (DCGOVRGSP), retrieved from FRED.