Gross Domestic Product: Professional, Scientific, and Technical Services (54) in the District of Columbia
Quarterly, Seasonally Adjusted Annual Rate
DCPROBUSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,472.10
Year-over-Year Change
17.25%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures U.S. Gross Domestic Product (GDP) on a quarterly, seasonally adjusted annualized basis. It provides a comprehensive overview of the overall economic health and productivity.
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
Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced within a country's borders over a specific time period. The quarterly, seasonally adjusted GDP data gives analysts and policymakers insight into the pace and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources including business surveys and government spending data.
Historical Context
GDP growth is a key metric used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew at an annualized rate of 2.9% in Q4 2022.
- The U.S. economy expanded 2.1% in 2022 overall.
- GDP is the broadest measure of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods and services produced in the United States on a quarterly, seasonally adjusted annualized basis.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key indicator of overall economic health and productivity, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources including business surveys and government spending data.
Q: How is this trend used in economic policy?
A: GDP growth is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that impact markets and the broader economy.
Q: Are there update delays or limitations?
A: The quarterly GDP data is released with a approximately one-month delay following the end of each quarter.
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Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in the District of Columbia
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Real Gross Domestic Product: Private Goods-Producing Industries in the District of Columbia
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Real Gross Domestic Product: Information (51) in the District of Columbia
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DCPROBUSNQGSP), retrieved from FRED.