Real Gross Domestic Product: Wholesale Trade (42) in the District of Columbia
Annual, Not Seasonally Adjusted
DCWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,409.50
Year-over-Year Change
22.48%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP) by State: Annual, Not Seasonally Adjusted metric measures the total economic output of each U.S. state. It is a key indicator of regional economic performance and growth.
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 GDP by State metric provides a comprehensive view of economic activity across the United States. It accounts for the production of goods and services within each state, offering insights into the diverse drivers of regional economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government records.
Historical Context
This metric is widely used by policymakers, economists, and businesses to analyze state-level economic trends and inform decisions.
Key Facts
- GDP by State is reported annually, with a lag of approximately one year.
- California, Texas, and New York consistently rank as the states with the highest GDP.
- The GDP by State metric is not adjusted for seasonal variations.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) by State: Annual, Not Seasonally Adjusted metric measures the total economic output of each U.S. state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into regional economic performance and growth, which is crucial for policymakers, businesses, and economists when analyzing state-level economic trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government records.
Q: How is this trend used in economic policy?
A: The GDP by State metric is widely used by policymakers, economists, and businesses to analyze state-level economic trends and inform decisions.
Q: Are there update delays or limitations?
A: The GDP by State data is reported annually, with a lag of approximately one year. It is also not adjusted for seasonal variations.
Related Trends
Per Capita Personal Consumption Expenditures: Goods for District of Columbia
DCPCEPCG
Gross Domestic Product: Finance and Insurance (52) in the District of Columbia
DCFININSNQGSP
Number of Identified Exporters to Finland from District of Columbia
DCFINA475SCEN
Number of Banks in the District of Columbia
X08ABDC
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia
DCGOVQQGSP
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in the District of Columbia
DCPROSCITCHQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product by State: Annual, Not Seasonally Adjusted (DCWHOLERGSP), retrieved from FRED.