Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the District of Columbia
DCMVEHMANRGSP • 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 real gross domestic product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the District of Columbia. It provides insights into the performance and growth of this critical 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 Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the District of Columbia metric tracks the inflation-adjusted output of this industry, offering a gauge of its economic contribution and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the District of Columbia's automotive manufacturing sector.
Key Facts
- The District of Columbia's motor vehicles manufacturing industry accounts for a small but significant portion of its overall economic output.
- This sector has experienced fluctuations in productivity and growth over time, reflecting broader trends in U.S. automotive manufacturing.
- Monitoring this metric helps policymakers understand the competitiveness and resilience of the District's industrial base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 insights into the performance and economic contribution of the District of Columbia's automotive manufacturing sector, which is relevant for policymakers, economists, and industry stakeholders.
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 practices.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the District of Columbia's automotive manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Economic Analysis's national accounts reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in the District of Columbia (DCMVEHMANRGSP), retrieved from FRED.