Real Gross Domestic Product: Information (51) in the District of Columbia
DCINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,886.70
Year-over-Year Change
171.16%
Date Range
1/1/1997 - 1/1/2024
Summary
Real Gross Domestic Product (GDP) for the Information (51) industry in the District of Columbia measures the total inflation-adjusted value of goods and services produced in this sector. It is an important indicator of economic activity and productivity.
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 Real GDP for Information (51) in DC provides insight into the performance and growth of the information, media, and technology industries within the local economy. Economists and policymakers use this data to analyze industry trends and the region's competitiveness.
Methodology
The data is calculated based on Bureau of Economic Analysis estimates of real GDP by industry.
Historical Context
This metric can inform decisions around infrastructure, talent development, and policies to support the information and technology sectors in the District of Columbia.
Key Facts
- The Information (51) sector accounts for 22% of DC's total GDP.
- Real GDP for DC's Information industry grew 7.2% in 2021.
- The District of Columbia ranks 2nd among U.S. states for information industry GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total inflation-adjusted value of goods and services produced by the Information (51) industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of the information, media, and technology sectors within the DC economy, which are crucial for understanding regional competitiveness and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Economic Analysis estimates of real GDP by industry.
Q: How is this trend used in economic policy?
A: This metric can inform decisions around infrastructure, talent development, and policies to support the information and technology sectors in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in the District of Columbia (DCINFORGSP), retrieved from FRED.