Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in the District of Columbia
DCWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.10
Year-over-Year Change
150.30%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the warehousing and storage industry (NAICS 493) within the District of Columbia. It provides insight into the economic activity and productivity of this key logistical 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 chain-type quantity index for real GDP in warehousing and storage tracks the volume of economic output for this industry, adjusting for inflation. It is a valuable indicator of supply chain dynamics, transportation infrastructure, and regional economic health.
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 used by economists, policymakers, and industry analysts to monitor the performance of the logistics sector and inform economic and infrastructure decisions.
Key Facts
- The District of Columbia accounts for less than 1% of U.S. GDP.
- Warehousing and storage is a key component of the D.C. economy.
- This index is released quarterly with the regional GDP data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the warehousing and storage industry (NAICS 493) within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic activity and productivity of the logistics sector in the D.C. region, which is relevant for understanding supply chain dynamics, transportation infrastructure, and regional economic performance.
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 used by economists, policymakers, and industry analysts to monitor the performance of the logistics sector and inform economic and infrastructure decisions.
Q: Are there update delays or limitations?
A: This index is released quarterly with the regional GDP data, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in the District of Columbia (DCWARESTORQGSP), retrieved from FRED.