Chain-Type Quantity Index for Real GDP: Water Transportation (483) in the District of Columbia
DCWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.93
Year-over-Year Change
-98.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in the District of Columbia measures the real output of the water transportation industry in Washington, D.C. This metric is a key indicator of economic activity and productivity in the local maritime 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 tracks changes in the real, inflation-adjusted output of the water transportation industry, which includes businesses involved in the transport of passengers and cargo by vessel over waterways. This index is a valuable tool for economists and policymakers to analyze trends in a crucial component of the District of Columbia's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in the water transportation sector.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to maritime infrastructure, trade, and transportation in the Washington, D.C. metropolitan area.
Key Facts
- Washington, D.C. is a major hub for maritime transportation and logistics.
- The water transportation industry accounts for a significant portion of the District's economic output.
- This index is used to track productivity and growth trends in the local maritime sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in the District of Columbia measures the real, inflation-adjusted output of the water transportation industry in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in the local maritime sector, which is an important component of the District of Columbia's economy. It helps inform policy decisions and business strategies related to transportation infrastructure and trade.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in the water transportation sector.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers, economists, and businesses to analyze trends in the District of Columbia's maritime industry and make informed decisions about infrastructure, trade, and transportation policy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Economic Analysis, the primary source of this economic indicator.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in the District of Columbia (DCWATTRANQGSP), retrieved from FRED.