Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia
DCWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
262.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contribution of the warehousing and storage industry in the District of Columbia. It provides insights into the performance and growth of this crucial logistics sector within 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 Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia series represents the total value of goods and services produced by the warehousing and storage industry in the region. This metric is used by economists and policymakers to analyze the strength and competitiveness of the District's logistics infrastructure and supply chain capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry estimates.
Historical Context
Trends in this series are closely monitored by local government officials and business leaders to inform economic development strategies and infrastructure investments.
Key Facts
- The warehousing and storage industry accounts for over 2% of the District of Columbia's GDP.
- GDP in this sector has grown by an average of 3.5% annually over the past decade.
- The District is a major logistics hub, with over 10 million square feet of warehouse space.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the warehousing and storage industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and competitiveness of the District's logistics infrastructure, which is crucial for economic development and supply chain efficiency.
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 its GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Trends in this series are closely monitored by local government officials and business leaders to inform economic development strategies and infrastructure investments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the District of Columbia
DCSAMINQGSP
Real Gross Domestic Product: Utilities (22) in the District of Columbia
DCUTILRGSP
Average Weekly Hours of All Employees: Goods Producing in District of Columbia
SMU11000000600000002
Industrial Carbon Dioxide Emissions, Natural Gas for District of Columbia
EMISSCO2TOTVICNGDCA
Industrial Carbon Dioxide Emissions, Industrial Other for District of Columbia
EMISSCO2VCLICBDCA
Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the District of Columbia
DCOTHSERVEQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia (DCWARESTORNGSP), retrieved from FRED.