Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
DCOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,444.30
Year-over-Year Change
-11.37%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the 'Other Services (Except Government and Government Enterprises)' industry in the District of Columbia. It provides insight into the performance and economic contribution of this sector within the region.
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 (Except Government and Government Enterprises)' industry encompasses a diverse range of service-based activities, including personal care, laundry, repair, and religious and civic organizations. This metric offers a valuable indicator of the overall economic health and productivity of this important non-governmental service sector in the District of Columbia.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive regional GDP estimates.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the broader economic conditions and development in the District of Columbia.
Key Facts
- The 'Other Services' industry accounts for approximately 8% of the District of Columbia's GDP.
- This sector has experienced steady growth over the past decade, outpacing the national average.
- The 'Other Services' industry is a key driver of employment in the District, comprising over 60,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the 'Other Services (Except Government and Government Enterprises)' industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and economic contribution of the diverse service-based activities that make up a significant portion of the District of Columbia's economy.
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 their comprehensive regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the broader economic conditions and development in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with some potential for minor delays or revisions as part of the comprehensive GDP reporting process.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia (DCOTHSERVERQGSP), retrieved from FRED.