Real Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia
DCMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
91.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the miscellaneous manufacturing industry (NAICS 339) in the District of Columbia. It provides insights into the economic performance and productivity of this key manufacturing sector in the nation's capital.
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 Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia series tracks the inflation-adjusted total output of the miscellaneous manufacturing industry, which includes a diverse range of products such as medical equipment, office supplies, and sporting goods. This metric is a valuable indicator of the health and competitiveness of the District's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Policymakers and economists use this trend to assess the District of Columbia's economic conditions and competitiveness compared to other regions.
Key Facts
- The miscellaneous manufacturing industry accounts for approximately 2% of DC's total GDP.
- This trend has shown modest growth over the past decade, reflecting the District's transition to a more service-oriented economy.
- Miscellaneous manufacturing plays a important role in the DC region's economic diversification and job creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product for the miscellaneous manufacturing industry (NAICS 339) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of a key manufacturing sector in the nation's capital, which is useful for policymakers and economists analyzing the District's economic conditions 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 using established national accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the District of Columbia's economic conditions and competitiveness compared to other regions, which informs policy decisions.
Q: Are there update delays or limitations?
A: This data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with potential for some update delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in the District of Columbia (DCMISCMANRGSP), retrieved from FRED.