Gross Domestic Product: Pipeline Transportation (486) in the District of Columbia
DCPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-99.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Pipeline Transportation (486) in the District of Columbia measures the economic output of the pipeline transportation industry in the Washington, D.C. metro area. This data provides insights into a critical infrastructure sector that supports broader economic activity.
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 pipeline transportation industry is a key component of the District of Columbia's economy, facilitating the movement of essential commodities and energy resources. This GDP series offers a gauge of the sector's productivity and contribution to the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and industry-specific economic indicators.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of the District's infrastructure and logistics networks.
Key Facts
- The pipeline transportation industry accounts for a small but critical portion of D.C.'s overall economic output.
- This GDP metric has shown steady growth over the past decade, reflecting infrastructure investments and expanding energy needs.
- Pipeline transportation supports a range of other economic activities, from energy distribution to manufacturing and logistics.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product, or economic output, of the pipeline transportation industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into a key infrastructure sector that underpins broader economic activity in the D.C. region, making it relevant for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and industry-specific economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of the District's infrastructure and logistics networks, which are critical for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in the District of Columbia (DCPIPETRANNGSP), retrieved from FRED.