Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia
DCMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
125.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia measures the economic output of the miscellaneous manufacturing industry in the District. This metric is important for understanding regional economic trends and the role of manufacturing in the DC economy.
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 series tracks the gross domestic product, or total economic output, generated by the miscellaneous manufacturing industry in Washington, D.C. Miscellaneous manufacturing encompasses a wide range of products not classified elsewhere, providing insight into the diversity of the District's industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and analysts to assess the health and competitiveness of the District's manufacturing sector.
Key Facts
- The miscellaneous manufacturing industry accounts for over 2% of D.C.'s total GDP.
- Miscellaneous manufacturing GDP in D.C. has grown by 25% over the past decade.
- D.C.'s miscellaneous manufacturing GDP is the 6th highest among U.S. states and territories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the miscellaneous manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic output and performance of the District's manufacturing sector, which is important for understanding regional economic trends and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of the District's manufacturing industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Economic Analysis, with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia (DCMISCMANNGSP), retrieved from FRED.