Gross Domestic Product: Support Activities for Mining (213) in the District of Columbia
DCSAMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the output of support activities for mining in the District of Columbia. It is an important indicator of the region's energy and natural resource sector.
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 Gross Domestic Product: Support Activities for Mining (213) in the District of Columbia tracks the economic value added by establishments that provide support services for oil and gas extraction and other mining operations in the D.C. metropolitan area.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on industry surveys and economic modeling.
Historical Context
This metric is used by policymakers and analysts to assess the strength and trends in the District's energy and natural resource industries.
Key Facts
- GDP for D.C. mining support was $251 million in 2021.
- This sector accounts for 0.3% of D.C.'s total economic output.
- Mining support activities have declined by 9% in D.C. since 2016.
FAQs
Q: What does this economic trend measure?
A: This trend measures the economic output of establishments that provide support services for oil, gas, and other mining operations in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the strength and trends in the District's energy and natural resource industries, which are closely watched by policymakers and economic analysts.
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 industry surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the health and growth prospects of the District's energy and natural resource sectors, which inform decisions around regulation, investment, and economic development.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical delay of 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Support Activities for Mining (213) in the District of Columbia (DCSAMINNGSP), retrieved from FRED.