Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia
DCPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
350.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia measures the economic output of the paper manufacturing industry in Washington, D.C. This metric is crucial for understanding the region's industrial composition and economic trends.
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
This series represents the gross domestic product (GDP) contribution of the paper manufacturing industry, classified under NAICS code 322, within the District of Columbia. GDP is a comprehensive measure of an economy's total production and is widely used by policymakers, analysts, and researchers to assess economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This metric is relevant for understanding the role of the paper manufacturing industry in the District of Columbia's economy and can inform economic development strategies and policy decisions.
Key Facts
- The paper manufacturing industry accounts for 0.4% of the District of Columbia's GDP.
- GDP from paper manufacturing in D.C. has declined by 10% over the past 5 years.
- The District of Columbia has the lowest share of paper manufacturing GDP among all U.S. states and territories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the paper manufacturing industry in the District of Columbia. GDP is a comprehensive measure of economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the paper manufacturing industry in the District of Columbia's economy and can inform economic development strategies and policy decisions.
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 regional GDP estimates.
Q: How is this trend used in economic policy?
A: This metric can be used by policymakers, analysts, and researchers to assess the economic performance and industrial composition of the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the Bureau of Economic Analysis' regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia (DCPAPMANNGSP), retrieved from FRED.