Real Gross Domestic Product: Accommodation and Food Services (72) in Delaware
DEACCOMDRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,728.80
Year-over-Year Change
3.86%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Accommodation and Food Services (72) in Delaware' trend measures the inflation-adjusted economic output of the accommodation and food services sector in Delaware. This data provides insight into the state's service industry and consumer 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
This series represents the real gross domestic product (GDP) for the accommodation and food services industry in Delaware. It is a key indicator of economic activity and consumer spending in the state's service sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Historical Context
Policymakers and economists use this trend to assess the health and trajectory of Delaware's service economy.
Key Facts
- Delaware's accommodation and food services GDP was $2.4 billion in 2021.
- This sector accounts for approximately 3% of Delaware's total GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the accommodation and food services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and health of Delaware's service industry, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the trajectory of Delaware's service sector and consumer spending, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with some potential for short delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Accommodation and Food Services (72) in Delaware (DEACCOMDRQGSP), retrieved from FRED.