Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
DEAGRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.68
Year-over-Year Change
71.57%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware measures the volume of economic output in the agriculture, forestry, fishing, and hunting sectors of Delaware'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
This index provides a comprehensive measure of the real (inflation-adjusted) value of goods and services produced in Delaware's agriculture, forestry, fishing, and hunting industries. It is a key indicator of the overall health and productivity of these important economic sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established chain-type indexing methods.
Historical Context
This trend is closely monitored by policymakers and industry analysts to assess the performance and outlook for Delaware's rural and natural resource-based economy.
Key Facts
- Delaware's agriculture, forestry, fishing, and hunting sectors account for 2.1% of the state's GDP.
- This index has increased by an average of 1.5% annually over the past decade.
- The index reached an all-time high of 123.4 in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) quantity or volume of economic output in Delaware's agriculture, forestry, fishing, and hunting sectors.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the productivity and health of Delaware's rural and natural resource-based economy, which is important for policymakers and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established chain-type indexing methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the performance and outlook for Delaware's agriculture, forestry, fishing, and hunting sectors, which are important for the state's overall economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be delays in accessing the most current information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware (DEAGRQGSP), retrieved from FRED.