Gross Domestic Product: Wholesale Trade (42) in the District of Columbia
DCWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,040.90
Year-over-Year Change
87.81%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in the District of Columbia measures the economic output of the wholesale trade sector in DC. It is a key indicator of the region's economic health and activity.
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
This series represents the total value added to the economy by the wholesale trade industry in the District of Columbia. It is an important metric for analyzing the commercial and business-to-business activity within the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the strength and trends in the District's commercial sector and make informed decisions.
Key Facts
- Wholesale trade accounts for approximately 5% of DC's GDP.
- The wholesale sector has seen steady growth over the past decade.
- Wholesale activity is a key driver of commercial real estate and transportation in the region.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the wholesale trade industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade sector is an important component of the local economy, and this data point helps analysts and policymakers assess the overall commercial activity and business-to-business dynamics in the region.
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: Policymakers and economists use this metric to evaluate the strength and trends in the District's commercial sector and make informed decisions about economic development, infrastructure, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the publication of the data, due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in the District of Columbia (DCWHOLENGSP), retrieved from FRED.