Chain-Type Quantity Index for Real GDP: Information (51) in the District of Columbia
DCINFOQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.04
Year-over-Year Change
171.16%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in the District of Columbia measures the real output of the information sector in DC. This trend is a key indicator of economic activity and productivity in the region.
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 index tracks the inflation-adjusted output of businesses in the information industry, which includes sectors like publishing, telecommunications, and data processing. It is used by economists and policymakers to analyze the strength and growth of the information economy in the District of Columbia.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
Trends in this index help inform economic and policy decisions at the regional and national level.
Key Facts
- This index is published quarterly by the U.S. Bureau of Economic Analysis.
- The information sector makes up about 32% of the District of Columbia's GDP.
- The index uses 2012 as the base year for measuring real output changes.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of businesses in the information industry in the District of Columbia, including sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index help economists and policymakers understand the strength and growth of the information economy in the DC region, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This index informs economic and policy decisions at the regional and national level by providing insights into the performance of the information sector, which is a crucial component of the District of Columbia's economy.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in the District of Columbia (DCINFOQGSP), retrieved from FRED.