Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
DEAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
745.90
Year-over-Year Change
102.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the gross domestic product (GDP) contribution of the agriculture, forestry, fishing, and hunting sector in the state of Delaware. It provides insights into the productivity and importance of these industries within the state's 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
The Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Delaware series tracks the economic output of these key industries in the state. This data is used by economists and policymakers to analyze the relative strength and trends within Delaware's primary sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This indicator helps inform policy decisions and business strategies related to Delaware's natural resource-based industries.
Key Facts
- Delaware's agriculture, forestry, fishing and hunting sector accounts for over 3% of its total GDP.
- This industry group has seen steady growth of around 2% annually in Delaware over the past decade.
- Poultry production is a major driver of agricultural GDP in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the gross domestic product (GDP) contribution of the agriculture, forestry, fishing, and hunting industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the productivity and economic importance of Delaware's natural resource-based industries, which is useful for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and business strategies related to Delaware's agriculture, forestry, fishing, and hunting sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Delaware (DEAGRNGSP), retrieved from FRED.