Gross Domestic Product: Wholesale Trade (42) in the District of Columbia
DCWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,107.40
Year-over-Year Change
14.57%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Wholesale Trade (42) in the District of Columbia' trend measures the economic output of the wholesale trade sector in Washington, D.C. This metric is crucial for understanding regional economic dynamics and informing policy decisions.
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 economic indicator tracks the real gross domestic product (GDP) of the wholesale trade industry in the District of Columbia. It provides insights into the health and productivity of a key component of the local economy, which has implications for employment, consumer spending, and overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using proprietary economic modeling and statistical techniques.
Historical Context
Policymakers and economists closely monitor this trend to assess the performance of the wholesale trade sector and its influence on the broader Washington, D.C. economy.
Key Facts
- The wholesale trade sector accounts for approximately 5% of D.C.'s GDP.
- Wholesale trade GDP in D.C. has grown by 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 7% decline in D.C.'s wholesale trade GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of 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 a key component of the D.C. economy, and this trend provides important insights into its performance and influence on the broader regional economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using proprietary economic modeling and statistical techniques.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the wholesale trade sector and its impact on the overall Washington, D.C. economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in the District of Columbia (DCWHOLENQGSP), retrieved from FRED.