Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in the District of Columbia
DCOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.90
Year-over-Year Change
26.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for other transportation and support activities, including transportation services and support activities, within the District of Columbia. It provides insights into a key sector of the local economy.
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 Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in the District of Columbia series tracks the inflation-adjusted output of this economic sector in the District. It is an important indicator of activity and productivity within the transportation and logistics industries in the region.
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 metric helps policymakers and economists understand the performance and competitive position of the District's transportation and logistics industries.
Key Facts
- GDP for transportation/support activities in DC accounts for 2.3% of the region's total GDP.
- This sector has grown by 3.9% annually over the past 5 years.
- Transportation and logistics employ over 25,000 workers in the District.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the other transportation and support activities sector in the District of Columbia, including transportation services and logistics support.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of a key industry sector in the District's economy, helping policymakers and economists understand competitiveness and growth in transportation and logistics.
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: Policymakers and economists use this metric to assess the strength and competitiveness of the District's transportation and logistics industries, which are important contributors to the regional economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in the District of Columbia (DCOTHTRANRGSP), retrieved from FRED.