Gross Domestic Product: Mining (Except Oil and Gas) (212) in the District of Columbia
DCMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) of the Mining (Except Oil and Gas) industry in the District of Columbia measures the total economic output of this sector. It is an important indicator for understanding the regional economy and the role of this industry.
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 GDP of the Mining (Except Oil and Gas) industry in DC represents the total market value of goods and services produced by this sector within the district. It provides insights into the industry's contribution to the local economy and can inform policy decisions and investment strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Historical Context
This GDP metric is used by policymakers, economists, and businesses to analyze the economic performance and trends within the Mining (Except Oil and Gas) industry in the District of Columbia.
Key Facts
- The Mining (Except Oil and Gas) industry accounts for a small portion of DC's overall GDP.
- This GDP measure excludes the Oil and Gas extraction sector.
- The data is updated quarterly by the BEA.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the Gross Domestic Product (GDP) of the Mining (Except Oil and Gas) industry in the District of Columbia. It represents the total market value of goods and services produced by this sector within the district.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role and performance of the Mining (Except Oil and Gas) industry in the DC regional economy. It provides insights that can inform policy decisions, investment strategies, and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This GDP metric is used by policymakers, economists, and businesses to analyze the economic performance and trends within the Mining (Except Oil and Gas) industry in the District of Columbia, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the BEA, so there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Mining (Except Oil and Gas) (212) in the District of Columbia (DCMINEXOILGASNGSP), retrieved from FRED.