Real Gross Domestic Product: Water Transportation (483) in the District of Columbia
DCWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-98.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the water transportation industry in the District of Columbia. It provides insight into the economic performance and productivity of this 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
Real GDP for the water transportation industry in DC serves as an indicator of the sector's contribution to the local economy. It is used by economists, policymakers, and industry analysts to evaluate economic conditions and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric helps inform economic policy and decision-making related to the transportation and logistics industries in the District of Columbia.
Key Facts
- Water transportation accounts for a small but important part of DC's economy.
- This metric tracks the inflation-adjusted production in the water transportation sector.
- Trends in this data can signal changes in trade, logistics, and economic activity in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the water transportation industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and productivity of the water transportation sector, which is an important part of DC's economy.
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 metric helps inform economic policy and decision-making related to the transportation and logistics industries in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revisions and updates based on new information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in the District of Columbia (DCWATTRANRGSP), retrieved from FRED.