Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the District of Columbia
DCMVEHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the District of Columbia. It is a key indicator of the health and productivity of this important manufacturing 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
The DCMVEHMANNGSP series tracks the total value of goods and services produced by the motor vehicle manufacturing industry in the District of Columbia. It provides insights into the overall economic activity and competitiveness of this segment of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Policymakers and industry analysts closely monitor this metric to assess the District's manufacturing capabilities and competitiveness.
Key Facts
- The motor vehicle manufacturing industry accounts for a significant portion of the District's GDP.
- GDP in this sector has fluctuated over the past decade, reflecting changes in demand and production.
- Monitoring this trend helps policymakers understand the District's industrial base and economic priorities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and competitiveness of a key manufacturing sector in the District's economy, which is crucial for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this metric to assess the District's manufacturing capabilities and competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in slight delays or changes to the reported figures.
Related Trends
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in the District of Columbia
DCOTRANEQMANRGSP
Value of Exports to Ireland from District of Columbia
DCIRLA052SCEN
Implicit Regional Price Deflator: Metropolitan Portion for District of Columbia
DCMPIRPD
All Employees: Leisure and Hospitality: Food Services and Drinking Places in District of Columbia
SMU11000007072200001
All Employees: Leisure and Hospitality in the District of Columbia
SMU11000007000000001A
Gross Domestic Product: Real Estate and Rental and Leasing (53) in the District of Columbia
DCRERENTLEANQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the District of Columbia (DCMVEHMANNGSP), retrieved from FRED.