Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in the District of Columbia
DCRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.35
Year-over-Year Change
30.34%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in the District of Columbia measures the volume of economic activity in the retail sector of Washington, D.C. This metric is a key indicator of consumer spending and economic health in the region.
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 index tracks changes in the real output of the retail trade industry in the District of Columbia, adjusting for price changes. It is a valuable gauge of consumer demand and business conditions in the nation's capital.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Policymakers and analysts use this index to assess the strength of the D.C. economy and consumer confidence.
Key Facts
- The base year for this index is 2012.
- Retail trade makes up about 3.5% of D.C.'s total GDP.
- The index reached a record high in 2021 following the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the real (inflation-adjusted) output of the retail trade industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: It is a key indicator of consumer spending and economic health in the nation's capital, providing insights into business conditions and demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the strength of the D.C. economy and consumer confidence, informing decisions and forecasts.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in the District of Columbia (DCRETAILQQGSP), retrieved from FRED.