Gross Domestic Product: Retail Trade (44-45) in the District of Columbia
DCRETAILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,222.60
Year-over-Year Change
22.67%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Retail Trade (44-45) in the District of Columbia measures the economic output of the retail sector in the nation's capital. This key indicator provides insights into consumer spending and regional economic activity.
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 Gross Domestic Product: Retail Trade (44-45) in the District of Columbia represents the total value-added by the retail trade industry in the District of Columbia. This metric is used by economists and policymakers to assess the health and trends of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is closely watched by government officials, businesses, and investors to understand regional consumer demand and market conditions.
Key Facts
- Retail trade accounts for over 10% of D.C.'s total GDP.
- D.C.'s retail GDP has grown by 25% over the past decade.
- The District's retail sector employs over 55,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Retail Trade (44-45) in the District of Columbia measures the total economic output of the retail trade industry in the nation's capital.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall health of the District of Columbia's economy, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Government officials, economists, and market analysts closely monitor this indicator to understand regional consumer demand and make informed decisions about economic policies and investments.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Retail Trade (44-45) in the District of Columbia (DCRETAILNQGSP), retrieved from FRED.