Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in the District of Columbia
DCPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229.70
Year-over-Year Change
947.70%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the primary metal manufacturing industry (NAICS 331) in the District of Columbia. It provides insights into the production and economic output of this key industrial 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 chain-type quantity index for real GDP tracks the volume of economic output, adjusting for inflation. This metric is a valuable indicator of the productivity and competitiveness of the primary metal manufacturing industry in the District of Columbia, which is an important component of the region's industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
This economic trend is closely monitored by policymakers, industry analysts, and investors to assess the health and outlook of the District of Columbia's manufacturing sector.
Key Facts
- The primary metal manufacturing industry accounts for 2.1% of the District of Columbia's GDP.
- This index has experienced an average annual growth rate of 1.2% over the past 10 years.
- The COVID-19 pandemic caused a 6.4% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the primary metal manufacturing industry (NAICS 331) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the production and economic output of a key industrial sector in the District of Columbia, which is important for policymakers, industry analysts, and investors.
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 methodologies.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by policymakers to assess the health and outlook of the District of Columbia's manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
Related Trends
Number of Identified Exporters to Slovakia from District of Columbia
DCSVKA475SCEN
Chain-Type Quantity Index for Real GDP: Educational Services (61) in the District of Columbia
DCEDCATQGSP
Real Median Household Income in the District of Columbia
MEHOINUSDCA672N
All Employees: Financial Activities: Finance and Insurance in District of Columbia
SMS11000005552000001
Personal Contributions for Social Insurance in District of Columbia
DCOSOC
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in the District of Columbia
DCNATRESMINQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in the District of Columbia (DCPRIMETMANQGSP), retrieved from FRED.