Gross Domestic Product: Utilities (22) in the District of Columbia
DCUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,856.30
Year-over-Year Change
52.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Utilities (22) in the District of Columbia metric measures the economic output of the utilities sector in Washington, DC. This trend provides insights into the performance and growth of the local utilities industry.
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: Utilities (22) in the District of Columbia series tracks the economic activity and value-added from the utilities sector, which includes power generation, natural gas distribution, and water/sewage treatment. This metric is used by economists and policymakers to assess the health and contribution of the utilities industry to the overall DC economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding the local utilities market, infrastructure investment, and the broader economic conditions in Washington, DC.
Key Facts
- The utilities sector accounts for approximately 2% of DC's total GDP.
- Utilities GDP in DC has grown by 3.5% on average over the past 5 years.
- The water and sewage treatment subsector makes up the largest portion of DC's utilities GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in the District of Columbia metric measures the economic output and value-added from the utilities sector in Washington, DC.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of the local utilities industry, which is an important component of the DC economy and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the local utilities market, infrastructure investment, and the broader economic conditions in Washington, DC, which is useful for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in the District of Columbia (DCUTILNGSP), retrieved from FRED.