Real Gross Domestic Product: Retail Trade (44-45) in the District of Columbia
DCRETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,723.50
Year-over-Year Change
30.34%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Retail Trade (44-45) in the District of Columbia measures the inflation-adjusted economic output of the retail sector in Washington, D.C. This metric is closely watched by economists and policymakers to gauge the health 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 represents the real, inflation-adjusted GDP contribution of the retail trade industry within the District of Columbia. It provides insight into the growth and performance of the city's consumer-facing businesses and can signal broader economic trends impacting residents and businesses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of retail establishments.
Historical Context
Policymakers and investors monitor this metric to understand the consumer and business climate in the District of Columbia.
Key Facts
- The retail sector accounts for about 5% of DC's total economic output.
- Real retail GDP in DC grew by 3.2% in 2021 compared to the prior year.
- The District of Columbia saw a sharper retail slump during the COVID-19 pandemic than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted gross domestic product (GDP) contribution of the retail trade industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and growth of consumer-facing businesses in the DC area, which is crucial for understanding the broader economic climate.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on surveys of retail establishments in the District of Columbia.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this metric to gauge consumer spending, business conditions, and overall economic health in the nation's capital.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Retail Trade (44-45) in the District of Columbia (DCRETAILRQGSP), retrieved from FRED.