Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the District of Columbia
DCSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2021
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the District of Columbia measures the inflation-adjusted output of the mining support services industry in the District. This metric is a key indicator of economic activity and productivity in the region's energy and resource extraction sectors.
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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted dollar value of goods and services produced by the mining support services industry in the District of Columbia. This helps economists and policymakers understand the sector's contribution to the region's overall economic output and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary national accounting methods.
Historical Context
This index is used to monitor the District's energy and resource extraction industry and inform economic policy decisions.
Key Facts
- The base year for this index is 2012.
- Mining support services account for over 1% of D.C.'s total GDP.
- This index has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the mining support services industry in the District of Columbia, providing a gauge of activity and productivity in the region's energy and resource extraction sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic conditions and growth in the District's energy and resource-related industries, which are key components of the local economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the District's energy and resource extraction industry and inform economic development and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the District of Columbia (DCSAMINQGSP), retrieved from FRED.