Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.92
Year-over-Year Change
-1.87%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware measures the volume of economic activity in this industry sector within the state. It is a key indicator of productivity and economic growth in the administrative services industry.
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 tracks changes in the real (inflation-adjusted) output of Delaware's administrative and waste management services sector over time. It is used by economists and policymakers to assess the health and performance of this important part of the state's economy.
Methodology
The index is calculated based on survey data collected by the U.S. Bureau of Economic Analysis.
Historical Context
The index provides insight into the broader trends and drivers of Delaware's service-based economy.
Key Facts
- The index uses 2012 as the base year.
- Delaware's administrative and waste services sector accounts for over 8% of the state's GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) volume of economic activity in Delaware's administrative and waste management services sector.
Q: Why is this trend relevant for users or analysts?
A: The index provides insight into the performance and productivity of an important service industry within Delaware's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on survey data of businesses in this industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the health and growth of Delaware's service-based economy and make informed decisions about economic development and public policy.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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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 (DEADMINWASTQQGSP), retrieved from FRED.