Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Delaware
DEAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585.76
Year-over-Year Change
368.54%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Delaware measures the real output of the air transportation industry in the state. It is a key indicator of economic activity and productivity in this important sector.
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 the volume of air transportation services produced in Delaware, adjusting for price changes over time. It is used by economists and policymakers to assess the health and trends within the state's air travel industry.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the production volumes and prices of air transportation services.
Historical Context
The air transportation industry is a significant driver of economic growth, and this index provides insights into its performance within the Delaware economy.
Key Facts
- The index has a base year of 2012.
- Air transportation accounts for approximately 1.2% of Delaware'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 output of the air transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and productivity of a key sector within the Delaware 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 using data on the production volumes and prices of air transportation services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and growth of the air transportation industry in Delaware, which is an important driver of economic activity and employment in the state.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Delaware (DEAIRTRANQGSP), retrieved from FRED.