Value-Added Output for Private Nonfarm in the District of Columbia
IPUZNT300110000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,916.13
Year-over-Year Change
75.27%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output for Private Nonfarm in the District of Columbia measures the economic activity and productivity of private businesses in the region, excluding farms. This metric is closely watched by economists and policymakers to gauge the overall health of the local economy.
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 tracks the total value added by private, non-farm businesses located in the District of Columbia. Value added is a key indicator of economic output, representing the difference between the total sales revenue and the cost of intermediate inputs used in production. It provides insights into the productivity and competitiveness of the private sector in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
Trends in value-added output are analyzed by economists, policymakers, and investors to understand the performance of local markets and inform economic policy decisions.
Key Facts
- Value-added output in DC's private sector has grown by 3.2% annually over the past 5 years.
- The service sector accounts for over 90% of value-added output in the District.
- Value-added output per worker in DC's private sector is 25% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output for Private Nonfarm in the District of Columbia measures the total economic output of private businesses in the region, excluding farms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of the private sector in the District of Columbia, which is crucial for understanding the overall health of the local 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 surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Trends in value-added output are analyzed by economists, policymakers, and investors to understand the performance of local markets and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Value-Added Output for Private Nonfarm in the District of Columbia (IPUZNT300110000), retrieved from FRED.