Real Gross Domestic Product: Government and Government Enterprises (92) in the District of Columbia
Quarterly, Seasonally Adjusted Annual Rate
DCGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,219.30
Year-over-Year Change
-2.00%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (DCGOVRQGSP) measures the seasonally adjusted annual rate of change in gross state product for the government sector. This metric is crucial for economists and policymakers to assess the health and performance of the public sector within the broader economy.
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 Quarterly, Seasonally Adjusted Annual Rate provides a standardized, annualized measure of the government sector's contribution to overall economic output at the state level. It is used to track the growth or contraction of public spending and services over time, offering insights into fiscal policy and public resource allocation.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical methods.
Historical Context
This economic trend is closely monitored by economists, policymakers, and market analysts to gauge the government's role in driving economic activity and inform decisions around fiscal policy, budgeting, and public investment.
Key Facts
- The government sector accounts for around 17% of U.S. GDP.
- The growth rate of government spending has averaged 2.5% annually over the past decade.
- State and local government spending makes up over 60% of total government output.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (DCGOVRQGSP) measures the annualized rate of change in gross state product for the government sector, providing insights into the performance and growth of public spending and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the role of the government sector in driving overall economic activity and inform decisions around fiscal policy, budgeting, and public investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical methods.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by economists, policymakers, and market analysts to gauge the government's role in driving economic activity and inform decisions around fiscal policy, budgeting, and public investment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DCGOVRQGSP), retrieved from FRED.