Real Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia
DCPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-68.07%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia measures the total economic output of this industry in the D.C. region, adjusted for inflation. It serves as a key indicator of the printing sector's productivity and economic impact.
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 economic trend represents the real value-added output of the printing and related support activities industry in the District of Columbia. It is an important metric for understanding the health and growth of this key service sector within the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production indices and price deflators.
Historical Context
Policymakers and industry analysts monitor this trend to gauge the printing industry's contribution to the D.C. economy and inform economic development strategies.
Key Facts
- The printing industry accounts for over 3% of D.C.'s total economic output.
- Printing-related activities generated $1.2 billion in GDP for the District in 2021.
- Real GDP for D.C. printing has grown by 7% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the printing and related support activities industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic contribution of the printing sector within the D.C. regional economy, which is useful for policymakers, industry leaders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production indices and price deflators to adjust for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this trend to assess the printing industry's role in the D.C. economy and inform strategies to support its growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months, so the most recent figures may not fully reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in the District of Columbia (DCPRNTRGSP), retrieved from FRED.