The District of Columbia, or D.C. as it is commonly called, is the federal district co-extensive with the city of Washington, the capital of the United States of America. Founded on July 16, 1970 the District of Columbia was named after Christopher Columbus, an early European explorer who visited the country during the late fifteenth century. One of the most important destinations of the world in the present times, the District of Columbia and the city of Washington are governed by a single municipal government, and for most practical purposes, are considered to be the same entity.

As the capital district of the nation, Columbia is headquarters to the three branches of the U.S. Federal government, and international organizations the World Bank, the International Monetary Fund, the Organization of American States, the Inter-American Development Bank,etc. A bustling center of trade and commerce, the District of Columbia has a growing economy that is also diversifying with a decreasing percentage of federal government jobs and an increasing percentage of professional and business service jobs over the same period.

A Gamma World City, the District of Columbia has a large support infrastructure of professional services like law, public relations, and architecture etc. With five Fortune 1000 companies calling D.C. home, the region ranks as one of the leading cities of the nation. In 2006, the gross state product of the District of Columbia was $87.664 billion, which ranked 35th among the fifty states of the USA. A number of government offices in the region provide employment to about 27% of the population of Columbia. At districtofcolumbiaxl.com, we give you detailed and comprehensive information regarding the economy of the District of Columbia. Visit districtofcolumbiaxl.com to learn everything about economy of Columbia and more. Happy Browsing !!!

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