Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Delaware
DEACCOMDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.99
Year-over-Year Change
3.86%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real GDP quantity index for the accommodation and food services industry in Delaware. It provides insights into the state's tourism and hospitality sector performance.
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 chain-type quantity index for real GDP in the accommodation and food services industry reflects the volume of economic activity in this sector within Delaware. It is used by economists and policymakers to assess the state's economic growth and the health of its tourism-related businesses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
This metric helps inform decisions around economic development, infrastructure, and policies that impact Delaware's hospitality industry.
Key Facts
- Delaware's accommodation and food services industry accounts for over 10% of its GDP.
- The index uses 2012 as the base year with a value of 100.
- This metric tracks volume changes, not dollar values.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted quantity index for the accommodation and food services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The index provides insights into the performance and growth of Delaware's tourism and hospitality sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around economic development, infrastructure, and policies that impact Delaware's accommodation and food services industry.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with potential lags of a few months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Delaware (DEACCOMDQQGSP), retrieved from FRED.