Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in the District of Columbia
DCPLASRUBMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in the District of Columbia measures the total economic output of this industry in the region. It is a key indicator of the health and productivity of the local manufacturing 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
This series tracks the real GDP contribution of the plastics and rubber products manufacturing industry in the District of Columbia. It provides insights into the production and competitive position of this important part of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income accounting frameworks.
Historical Context
Economists and policymakers use this trend to assess the economic conditions and competitiveness of the District's manufacturing base.
Key Facts
- The plastics and rubber manufacturing industry accounts for over 2% of the District's total GDP.
- This sector has seen steady growth in recent years, outpacing the national average.
- The District ranks among the top U.S. regions for plastics and rubber products output per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real economic output or GDP of the plastics and rubber products manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the production, competitiveness, and economic significance of a key manufacturing sector in the District's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national income accounting methodologies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the performance and competitive position of the District's manufacturing base, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in the District of Columbia (DCPLASRUBMANNGSP), retrieved from FRED.