Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in the District of Columbia
DCOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.90
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in the District of Columbia. It provides insights into the economic activity and performance of this key 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 Transportation Equipment Manufacturing GDP trend tracks the total value of goods and services produced by businesses in this industry within the District of Columbia. This metric is used by economists and policymakers to analyze the health and competitiveness of the local manufacturing economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is relevant for understanding the District's industrial base and informing economic development policies.
Key Facts
- The District of Columbia accounts for less than 1% of total U.S. transportation equipment manufacturing GDP.
- This industry represents around 2% of the District's overall economic output.
- Transportation equipment manufacturing GDP in DC has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in the District of Columbia, including the production of aerospace, railroad, and other transportation-related goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of a key manufacturing sector in the District's economy, which is important for understanding the city's industrial base and informing economic development policies.
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 accounting principles.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and economists seeking to analyze the District's industrial competitiveness and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedule and potential revisions as other regional GDP statistics from the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in the District of Columbia (DCOTRANEQMANNGSP), retrieved from FRED.