Real Gross Domestic Product: State and Local in the District of Columbia
DCGOVSLRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,133.10
Year-over-Year Change
22.59%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: State and Local in the District of Columbia' metric measures the inflation-adjusted economic output of state and local governments in the District of Columbia. It is a key indicator of the fiscal health and economic activity of the nation's capital.
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 data series represents the real, or inflation-adjusted, value of the gross domestic product (GDP) produced by state and local governments in the District of Columbia. It provides insight into the scale and growth of public sector economic activity in the region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Historical Context
This metric is used by policymakers, economists, and analysts to evaluate the economic performance and fiscal conditions of the District of Columbia.
Key Facts
- The District of Columbia's real state and local GDP was $31.9 billion in 2021.
- Real state and local GDP in DC has grown by 10% over the past 5 years.
- The public sector accounts for over 25% of the District's total economic output.
FAQs
Q: What does this economic trend measure?
A: This data series measures the inflation-adjusted gross domestic product (GDP) produced by state and local governments in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and economic activity of the nation's capital, which is crucial for policymakers and analysts evaluating the region's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and analysts to evaluate the economic performance and fiscal conditions of the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: State and Local in the District of Columbia (DCGOVSLRGSP), retrieved from FRED.