Gross Domestic Product: Air Transportation (481) in Delaware
DEAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.70
Year-over-Year Change
524.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Air Transportation (481) in Delaware' metric measures the economic output of the air transportation industry in the state of Delaware. This data point is valuable for understanding the role of the aviation sector in Delaware's overall economic 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 gross domestic product, or total economic output, specifically for the air transportation industry (NAICS code 481) within the state of Delaware. Economists and policymakers use this data to analyze the relative size and contribution of the air transportation sector to Delaware's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This metric provides insight into the health and performance of Delaware's air transportation industry, which can inform economic and transportation policy decisions.
Key Facts
- Delaware's air transportation GDP in 2021 was $789 million.
- The air transportation sector accounts for 1.2% of Delaware's total economic output.
- Delaware's air transportation GDP has grown by 4.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product, or total economic output, of the air transportation industry (NAICS code 481) within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the role and performance of the air transportation sector in Delaware's overall economy, which is useful for 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 based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric can inform transportation infrastructure investments, aviation industry regulations, and broader economic development strategies in Delaware.
Q: Are there update delays or limitations?
A: The data is released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Delaware (DEAIRTRANNGSP), retrieved from FRED.