Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in the District of Columbia
DCSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,498.70
Year-over-Year Change
83.46%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) from the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the District of Columbia. It provides insight into the financial services sector's contribution to 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
The GDP from securities, commodity contracts, and other financial investments and related activities (NAICS 523) in the District of Columbia represents the total value of goods and services produced by this industry. It is a key indicator of the region's financial services output and economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is useful for policymakers and analysts to understand the importance of the financial services industry in the District of Columbia's economy.
Key Facts
- The District of Columbia has a large financial services industry.
- NAICS 523 accounts for a significant portion of the region's GDP.
- This trend shows the economic importance of the financial sector in D.C.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) from the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial services sector's contribution to the local economy, which is important for policymakers and analysts to understand the role of the financial industry in the District of Columbia.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and analysts to understand the importance of the financial services industry in the District of Columbia's economy, which can inform economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and revisions of the U.S. Bureau of Economic Analysis' regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in the District of Columbia (DCSECCOMINVNGSP), retrieved from FRED.