Gross Domestic Product: All Industry Total in the District of Columbia
DCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186,165.00
Year-over-Year Change
65.46%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP): All Industry Total in the District of Columbia measures the total economic output of all industries within the Washington, D.C. metropolitan area. This metric is a key indicator of regional economic health and growth.
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
GDP: All Industry Total represents the combined value of all goods and services produced within the District of Columbia over a specific time period. It is a comprehensive measure of economic activity used by policymakers and analysts to assess the performance and underlying trends of the D.C. regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP metric helps inform federal and local government policies and decisions that aim to promote economic development and prosperity in the nation's capital.
Key Facts
- GDP in D.C. totaled $178 billion in 2021.
- The D.C. metropolitan area accounts for over 30% of the total economic output of the Mid-Atlantic region.
- Government and professional services are the largest contributors to D.C.'s GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: All Industry Total in the District of Columbia measures the total economic output of all industries within the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is a key indicator of regional economic health and growth, helping to inform federal and local government policies and decisions that aim to promote economic development and prosperity 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: This GDP metric helps inform federal and local government policies and decisions that aim to promote economic development and prosperity in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and updates by the Bureau of Economic Analysis.
Related Trends
Electric Power Carbon Dioxide Emissions, Natural Gas for District of Columbia
EMISSCO2TOTVECNGDCA
All Employees: Government in the District of Columbia
SMU11000009000000001A
Finance and Insurance Earnings in District of Columbia
DCEFIN
Number of Identified Exporters to New Zealand from District of Columbia
DCNZLA475SCEN
Transportation Carbon Dioxide Emissions, Natural Gas for District of Columbia
EMISSCO2TOTVTCNGDCA
Gross Domestic Product: Private Goods-Producing Industries in the District of Columbia
DCPRIGOODPRONGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: All Industry Total in the District of Columbia (DCNGSP), retrieved from FRED.