Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in the District of Columbia
DCMINEXOILGASRGSP • 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 Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in the District of Columbia measures the inflation-adjusted economic output of the mining industry in D.C., excluding oil and gas extraction. This metric is important for analyzing regional economic trends and the health of the District's industrial sector.
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 economic indicator represents the total inflation-adjusted value of goods and services produced by the mining industry in the District of Columbia, excluding oil and gas extraction. It is a key component of the District's overall economic output and is used by policymakers and analysts to assess the performance and contributions of the local mining sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price data from various industry sources.
Historical Context
This metric provides important context for evaluating the District of Columbia's economic development and is used to inform policy decisions related to the mining industry and broader economic planning.
Key Facts
- The mining industry accounts for approximately 1% of D.C.'s total economic output.
- Mining (except oil and gas) GDP in D.C. has grown by 15% over the past 5 years.
- The District of Columbia has a small but diverse mining sector, including extraction of non-metallic minerals and quarrying.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted gross domestic product (GDP) of the mining industry in the District of Columbia, excluding oil and gas extraction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contributions of the local mining sector, which is a key component of D.C.'s overall economic output. It is used by policymakers and analysts to evaluate regional economic trends and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price data from various industry sources.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the District of Columbia's economic development, inform policy decisions related to the mining industry, and support broader economic planning efforts.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in the District of Columbia (DCMINEXOILGASRGSP), retrieved from FRED.