Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia
DCGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.75
Year-over-Year Change
-2.00%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia measures the inflation-adjusted output of the government sector in Washington, D.C. This metric is a key indicator of economic activity and public sector contribution to the regional 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 index tracks the real (inflation-adjusted) volume of goods and services produced by the government and government enterprises in the District of Columbia. It provides insight into the size and growth of the public sector's economic footprint over time, which is important for policymakers and economists analyzing regional development.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Historical Context
Trends in this index are closely monitored by economists and policymakers to assess the fiscal health and economic impact of the federal government in the District of Columbia.
Key Facts
- The government and government enterprises sector accounts for over 40% of the District of Columbia's GDP.
- This index uses 2012 as the base year for inflation adjustment.
- The index has shown steady growth over the past decade, reflecting the growing size of the public sector in D.C.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the government and government enterprises sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the size and growth of the public sector's economic contribution in the D.C. region, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the fiscal health and economic impact of the federal government in the District of Columbia.
Q: Are there update delays or limitations?
A: There are typically no significant delays in the release of this data, which is published quarterly by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia (DCGOVQQGSP), retrieved from FRED.