Gross Domestic Product: Real Estate (531) in the District of Columbia
DCREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,891.40
Year-over-Year Change
91.80%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Real Estate (531) in the District of Columbia' series measures the real estate industry's contribution to the District's economic output. This data is crucial for policymakers and analysts to assess the health and trends of the local real estate market.
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 value-added output of the real estate sector, a key component of the District of Columbia's economy. It provides insights into the real estate industry's performance and its role in the broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on detailed industry-level economic accounts.
Historical Context
This trend is widely used by government agencies, economists, and real estate market participants to inform policy decisions and investment strategies.
Key Facts
- The real estate industry accounts for over 10% of the District of Columbia's GDP.
- The real estate sector has seen steady growth in the District over the past decade.
- This data series is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This series measures the real estate industry's contribution to the gross domestic product (GDP) of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the performance and role of the real estate sector in the District's economy, which is crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on detailed industry-level economic accounts.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, economists, and real estate market participants to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: This data series is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in the District of Columbia (DCREALNGSP), retrieved from FRED.