Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
DCOTHSERVEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.60
Year-over-Year Change
0.23%
Date Range
1/1/1997 - 1/1/2024
Summary
This index measures the real output of the other services (except government and government enterprises) sector in the District of Columbia. It is an important indicator of economic activity and productivity in the local service industry.
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 chain-type quantity index for real GDP in the other services sector tracks the inflation-adjusted output of private-sector services in the District of Columbia, excluding government and government enterprises. It provides insights into the health and growth of the local service economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and econometric models.
Historical Context
This index is used by policymakers, analysts, and businesses to understand trends in the District of Columbia's service-based economy.
Key Facts
- The base year for this index is 2012.
- Other services include industries like repair and maintenance, personal and laundry services, and religious/civic organizations.
- The District of Columbia's service sector accounts for over 90% of its total economic output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the other services sector (excluding government) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the health and growth of the District of Columbia's service-based economy, which is a key driver of the local economic output.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and econometric modeling.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this index to understand trends in the District of Columbia's service sector and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia (DCOTHSERVEQGSP), retrieved from FRED.