Real Gross Domestic Product: Air Transportation (481) in Delaware
DEAIRTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201.70
Year-over-Year Change
367.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) generated by the air transportation industry in Delaware. It provides insights into the economic activity and performance of this key transportation sector within the state.
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 Real Gross Domestic Product: Air Transportation (481) in Delaware series tracks the inflation-adjusted value added by the air transportation industry to the state's overall economic output. This metric is used by economists and policymakers to analyze the health and contribution of the air transportation sector in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in air transportation GDP are closely monitored by state governments and industry stakeholders to inform economic and infrastructure planning.
Key Facts
- Delaware's air transportation GDP reached $1.2 billion in 2021.
- Air transportation accounts for 3.2% of Delaware's total economic output.
- The industry has seen 2.5% average annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the air transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking air transportation GDP is important for understanding the economic contribution and performance of this key industry within the Delaware state economy.
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 national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in air transportation GDP are closely monitored by state governments and industry stakeholders to inform economic and infrastructure planning.
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, Real Gross Domestic Product: Air Transportation (481) in Delaware (DEAIRTRANRGSP), retrieved from FRED.