Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia
DCNMMPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.70
Year-over-Year Change
136.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry (NAICS 327) in the District of Columbia. It provides insights into the production and economic activity of this key 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 GDP of the nonmetallic mineral product manufacturing industry in the District of Columbia is an important indicator of the region's industrial output and economic health. This data series can be used to analyze trends and shifts in this vital manufacturing segment over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This economic indicator is widely used by policymakers, economists, and industry analysts to monitor the performance and outlook of the District of Columbia's manufacturing sector.
Key Facts
- The District of Columbia's nonmetallic mineral product manufacturing industry accounts for a small but important share of the region's overall GDP.
- This industry includes the production of items like glass, cement, and other construction materials.
- GDP data for this sector can signal broader trends in the District's construction and infrastructure development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry (NAICS 327) located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This GDP data provides insights into the production and economic activity of a key manufacturing sector in the District of Columbia, which can inform analyses of the region's industrial output and economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used by policymakers, economists, and industry analysts to monitor the performance and outlook of the District of Columbia's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of GDP reporting by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia (DCNMMPMANNGSP), retrieved from FRED.