Real Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia
DCWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
150.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures real gross domestic product (GDP) for the warehousing and storage industry in the District of Columbia. It provides insight into the economic performance and productivity of this key logistics 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 Real Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia series tracks the inflation-adjusted output of the warehousing and storage industry within the District's economy. It serves as an important indicator of supply chain activity and infrastructure utilization.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP statistics.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the District's economic competitiveness and capacity for freight and logistics services.
Key Facts
- Washington, D.C. is a major transportation and logistics hub.
- The warehousing and storage industry accounts for over 5% of the District's GDP.
- This trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the warehousing and storage industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and productivity of a key logistics sector within the District of Columbia, which is an important transportation and distribution hub.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the District's economic competitiveness and capacity for freight and logistics services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
Poverty Universe, Age 0-17 for District of Columbia
PUA0T17DC11000A647NCEN
Electric Power Carbon Dioxide Emissions, Coal for District of Columbia
EMISSCO2TOTVECCODCA
Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in the District of Columbia
DCWASTEQGSP
Personal Consumption Expenditures: Services for District of Columbia
DCPCESRV
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for District of Columbia
EMISSCO2VHLACBDCA
Regional Price Parities: Services: Other: Metropolitan Portion for District of Columbia
DCMPRPPSERVEOTH
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in the District of Columbia (DCWARESTORRGSP), retrieved from FRED.