Gross Domestic Product: Information (51) in the District of Columbia
DCINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,999.60
Year-over-Year Change
127.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Information (51) in the District of Columbia series measures the economic output of the information sector in Washington, D.C. This trend provides insight into the productivity and growth of a critical industry within 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
The Information (51) sector includes companies engaged in publishing, telecommunications, data processing, and other information-related activities. Analyzing this metric helps economists and policymakers understand the role of the information economy in the broader economic landscape of the District of Columbia.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in the information sector are closely watched by government officials and market analysts for their implications on employment, investment, and overall economic health.
Key Facts
- The information sector accounts for over 20% of DC's total GDP.
- Information industry output in DC has grown by 30% over the past decade.
- Washington, D.C. has the highest concentration of information-related jobs in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) of the information sector in the District of Columbia, including industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: The information industry is a critical driver of economic activity in the nation's capital, so this trend provides important insights into the productivity and growth of a key sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP reporting for regional economies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the information sector's performance in DC for its implications on employment, investment, and the broader economic health of the region.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical release lag of 2-3 months.
Related Trends
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia
DCNDURMANRGSP
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in the District of Columbia
DCCPUSYSDSGNRGSP
Average Hourly Earnings of All Employees: Total Private in District of Columbia
SMU11000000500000003
Number of Identified Exporters to Portugal from District of Columbia
DCPRTA475SCEN
Average Weekly Earnings of All Employees: Private Service Providing in District of Columbia
SMU11000000800000011
Other Labor Income in District of Columbia
DCOOTH
Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in the District of Columbia (DCINFONGSP), retrieved from FRED.