Real Gross Domestic Product: Natural Resources and Mining (11, 21) in the District of Columbia
DCNATRESMINRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
1500.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the natural resources and mining industry in the District of Columbia. It provides insight into the economic activity and productivity of this important 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: Natural Resources and Mining (11, 21) in the District of Columbia series tracks the inflation-adjusted economic output of the natural resources and mining industries in the region. This data is used by economists and policymakers to analyze the health and growth of this part of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the regional GDP estimates.
Historical Context
This trend is relevant for understanding the role of natural resources and mining in the District of Columbia's economy and supporting informed policy decisions.
Key Facts
- The natural resources and mining industry accounts for about 0.3% of D.C.'s total GDP.
- This trend has seen moderate growth of around 2% per year on average.
- D.C. has a much smaller natural resources and mining sector compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the natural resources and mining 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 productivity of a key industry in the D.C. regional economy, which is useful for economists and policymakers.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to the natural resources and mining sector in the District of Columbia, as well as help analyze the overall health of the regional economy.
Q: Are there update delays or limitations?
A: The data is subject to the normal 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, Real Gross Domestic Product: Natural Resources and Mining (11, 21) in the District of Columbia (DCNATRESMINRGSP), retrieved from FRED.