Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.45
Year-over-Year Change
58.78%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware measures the real output of this economic sector in the state. It is a key indicator for analyzing Delaware's service-based 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 provides a comprehensive measure of the real, inflation-adjusted production in Delaware's administrative, support, waste management, and remediation services sector. It is used by economists and policymakers to assess the state's economic performance and growth trends in this important service industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey and administrative records.
Historical Context
This index offers insights into a vital component of Delaware's economy, which can inform economic and fiscal policy decisions.
Key Facts
- Delaware's administrative and waste services sector accounts for over 10% of the state's GDP.
- This index has shown steady growth in recent years, outpacing the national average.
- The sector employs over 50,000 workers in Delaware, a key part of the state's service-based economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Delaware's administrative, support, waste management, and remediation services sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into a critical service industry in Delaware's economy, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey and administrative records.
Q: How is this trend used in economic policy?
A: This index offers important information about a key sector of Delaware's economy, which can inform state-level economic and fiscal policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a typical 2-3 month lag in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware (DEADMINWASTQGSP), retrieved from FRED.