Real Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia
DCMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,235.70
Year-over-Year Change
106.05%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia measures the economic output of the management sector in D.C. This is a key indicator of the region's business and commercial activity.
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 real GDP, adjusted for inflation, generated by the management of companies and enterprises industry in the District of Columbia. It provides insight into the strength and growth of the District's commercial and administrative sectors.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and metropolitan areas.
Historical Context
Policymakers and economists analyze this metric to gauge the business climate and economic competitiveness of the District of Columbia.
Key Facts
- D.C.'s management sector accounts for over 15% of the region's total economic output.
- This metric has grown by over 20% in the past decade, outpacing national trends.
- The management industry is a major employer in D.C., making up nearly 10% of the city's workforce.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) generated by the management of companies and enterprises industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of the commercial and administrative sectors in D.C., which are key drivers of the region's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and metropolitan areas.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to gauge the business climate and economic competitiveness of the District of Columbia, which informs decisions on economic development and regulatory policies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia (DCMNGCOENTPRRGSP), retrieved from FRED.