Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
Quarterly, Seasonally Adjusted
DCOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.73
Year-over-Year Change
-11.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the real gross output of the other services industry in the United States. This metric is a key indicator of the health and performance of the broader service 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 other services industry encompasses a diverse range of economic activities not captured in other major industry classifications, such as personal services, religious organizations, and professional associations. This data series provides a comprehensive view of the output trends in this important segment of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
Economists and policymakers closely monitor this metric to gauge the overall strength of the service economy and its contribution to U.S. gross domestic product.
Key Facts
- The other services industry accounts for approximately 4% of U.S. GDP.
- This sector has shown steady growth over the past decade.
- The COVID-19 pandemic had a significant impact on other services output.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the real gross output of the other services industry in the United States, providing a comprehensive view of activity in this diverse economic sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the broader U.S. service economy, which is a major driver of overall economic growth.
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 accounts methodologies.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to gauge the overall strength of the service economy and its contribution to U.S. gross domestic product.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (DCOTHSERVEQQGSP), retrieved from FRED.