Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
DCOTHSERVENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,443.70
Year-over-Year Change
16.28%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia' trend measures the economic output of the service sector in Washington, D.C., excluding government and government-owned enterprises.
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
This indicator provides insights into the performance and contribution of the private service industry to the overall economy of the District of Columbia. It is a valuable data point for policymakers, economists, and businesses to understand regional economic dynamics and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is used to analyze the health and growth of the private service sector in the District of Columbia, which is a crucial component of the local economy.
Key Facts
- The service sector accounts for over 75% of the District of Columbia's GDP.
- The private service industry in D.C. has experienced steady growth in recent years.
- The 'Other Services' category includes industries like personal care, repair, and religious organizations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the economic output of the private service sector in the District of Columbia, excluding government and government-owned enterprises.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the private service industry to the overall economy of the District of Columbia, which is crucial for policymakers, economists, and businesses to understand regional economic dynamics.
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 its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used to analyze the health and growth of the private service sector in the District of Columbia, which is a crucial component of the local economy, and to inform policymaking and business decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the Bureau of Economic Analysis's regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia (DCOTHSERVENQGSP), retrieved from FRED.