Gross Domestic Product: Health Care and Social Assistance (62) in the District of Columbia
DCHLTHSOCASSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,837.50
Year-over-Year Change
21.43%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Gross Domestic Product (GDP) of the health care and social assistance sector in the District of Columbia. It provides insight into the economic output and importance of this industry in the local 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 Gross Domestic Product: Health Care and Social Assistance (62) in the District of Columbia metric tracks the total economic production and value-added by health care, social assistance, and related activities in the D.C. region. This data is used by economists and policymakers to analyze the size and growth of this critical service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Historical Context
This GDP data informs discussions around health care policy, workforce trends, and the overall economic competitiveness of the District of Columbia.
Key Facts
- Health care and social assistance account for over 30% of D.C.'s GDP.
- This sector has seen steady growth in recent years.
- The District of Columbia has a high concentration of health care and government jobs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total economic output and value-added by the health care and social assistance industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size, growth, and economic significance of the health care sector in the D.C. region, which is crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Q: How is this trend used in economic policy?
A: This GDP data informs discussions around health care policy, workforce trends, and the overall economic competitiveness of the District of Columbia.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the latest data.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Health Care and Social Assistance (62) in the District of Columbia (DCHLTHSOCASSNQGSP), retrieved from FRED.