Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia
DCMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,216.00
Year-over-Year Change
97.82%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia' metric measures the economic output of the management of companies and enterprises sector in Washington, D.C. This data point is a key indicator of business activity and productivity 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
This series represents the gross domestic product (GDP) specifically for the management of companies and enterprises industry in the District of Columbia. It provides insight into the economic performance and contribution of this sector, which includes activities like corporate, subsidiary, and regional managing offices.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This metric is used by policymakers, analysts, and businesses to assess the relative strength and trends within Washington, D.C.'s economy.
Key Facts
- Washington, D.C. accounts for over 3% of U.S. GDP.
- The management sector makes up about 10% of D.C.'s total economic output.
- GDP growth in this industry has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) specifically for the management of companies and enterprises industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic performance and contribution of the management sector in Washington, D.C., which is a key indicator of business activity and productivity in the nation's capital.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and businesses to assess the relative strength and trends within Washington, D.C.'s economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Economic Analysis' regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia (DCMNGCOENTPRNGSP), retrieved from FRED.