Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in the District of Columbia
Annual, Not Seasonally Adjusted
DCPROSCITCHRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,171.70
Year-over-Year Change
26.70%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the charge-off rate on loans and leases at commercial banks in the United States. This metric is a key indicator of credit quality and financial stability.
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 charge-off rate tracks the value of bank loans and leases that are written off as uncollectible. It provides insight into the overall credit health of the banking sector and consumer/business debt levels.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from commercial banks.
Historical Context
Economists and policymakers monitor this series to assess credit conditions and identify potential risks to the financial system.
Key Facts
- The charge-off rate reached a peak of 2.97% in 2010 during the financial crisis.
- The rate has trended downward since 2010, signaling improved credit quality.
- Elevated charge-off levels can indicate underlying stress in the banking system.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the charge-off rate on loans and leases at U.S. commercial banks. This metric represents the value of bank assets written off as uncollectible.
Q: Why is this trend relevant for users or analysts?
A: The charge-off rate is a key indicator of credit quality and financial stability. It provides insight into the overall health of the banking sector and consumer/business debt levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from commercial banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the charge-off rate to assess credit conditions and identify potential risks to the financial system. Elevated levels can signal underlying stress that may require policy intervention.
Q: Are there update delays or limitations?
A: The charge-off rate data is published quarterly with a brief lag. There are no known major limitations to the methodology or coverage of this series.
Related Trends
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DCPCEONDURG
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Personal Consumption Expenditures: Services: Financial Services and Insurance for District of Columbia
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Regional Price Parities: Services: Housing for District of Columbia
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Estimate of Related Children Age 5-17 in Families in Poverty for District of Columbia
PE5T17DC11000A647NCEN
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in the District of Columbia
DCMISCPRORGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCPROSCITCHRGSP), retrieved from FRED.