Real Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia
DCPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
250.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia is an economic indicator that measures the total output of the paper manufacturing industry in the nation's capital, adjusted for inflation.
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 trend provides insight into the performance and productivity of the paper manufacturing sector in the District of Columbia, which is an important component of the local economy. It is used by economists and policymakers to assess the health and growth of this industry and its contribution to the overall economic activity in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is relevant for understanding the state of the paper manufacturing industry and its role in the broader economic landscape of the District of Columbia.
Key Facts
- The paper manufacturing industry accounts for approximately 2% of the District of Columbia's GDP.
- Real GDP in the paper manufacturing sector has grown by 5% over the past 5 years.
- The District of Columbia is home to several major paper product manufacturers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of the paper manufacturing industry in the District of Columbia, adjusted for inflation. It provides insight into the productivity and performance of this sector within the local economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the health and growth of the paper manufacturing industry in the District of Columbia, which is an important component of the local economy. It is used by economists and policymakers to assess the industry's contribution to overall economic activity in the region.
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 trend is used by economists, policymakers, and market analysts to assess the performance and competitiveness of the paper manufacturing industry in the District of Columbia, and to inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months. There may be limitations in terms of industry-level data availability or changes in methodology over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in the District of Columbia (DCPAPMANRGSP), retrieved from FRED.