Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the District of Columbia
DCPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-99.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the petroleum and coal products manufacturing industry in the District of Columbia. It provides insights into the economic performance and productivity 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 Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the District of Columbia is an important economic indicator that tracks the output and value-added contribution of the petroleum and coal products manufacturing industry. It is used by economists and policymakers to assess the health and competitiveness of this critical industry within the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend informs decision-making and policy discussions around economic development, energy policy, and industrial competitiveness in the District of Columbia.
Key Facts
- The petroleum and coal products manufacturing industry is a major contributor to the District of Columbia's economy.
- This trend has shown volatility in recent years, reflecting changing market conditions and policy shifts.
- Monitoring this metric is crucial for understanding the District's industrial competitiveness and energy sector dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the petroleum and coal products manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of a key industry, informing decision-making and policy discussions around economic development, energy policy, and industrial competitiveness in the District of Columbia.
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 informs policy discussions and decisions around economic development, energy policy, and industrial competitiveness in the District of Columbia.
Q: Are there update delays or limitations?
A: There may be update delays and potential limitations inherent in economic data collection and reporting processes.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the District of Columbia (DCPETCOALMANRGSP), retrieved from FRED.