Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia
DCPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
-55.79%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia metric measures the economic output of the printing and related support activities industry in the nation's capital. This data provides insight into the strength and trends of a key sector of the local economy.
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 total economic production, or gross domestic product, of the printing and related support activities industry, classified under NAICS code 323, within the District of Columbia. The data is a key indicator of the printing industry's 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 national income and product accounts methodology.
Historical Context
Policymakers and analysts use this metric to assess the performance and competitiveness of the printing industry within the District of Columbia economy.
Key Facts
- The printing industry accounts for over 3% of the District of Columbia's GDP.
- Printing and related support activities GDP in DC has grown by 12% over the past 5 years.
- The District of Columbia has the highest concentration of printing industry GDP per capita in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total gross domestic product (GDP) generated by the printing and related support activities industry (NAICS 323) within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and competitiveness of a key sector of the District of Columbia's economy, which is useful for policymakers, businesses, and economic 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 income and product accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the printing industry's contribution to the overall economic activity and competitiveness in the District of Columbia.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia (DCPRNTNGSP), retrieved from FRED.