Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Delaware
DEAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.20
Year-over-Year Change
-26.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the real output of the Amusement, Gambling, and Recreation Industries (NAICS 713) in the state of Delaware. This metric is a key indicator of economic activity and consumer demand in the leisure and hospitality 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
The Chain-Type Quantity Index tracks the real, inflation-adjusted volume of goods and services produced by the amusement, gambling, and recreation industries in Delaware. It is a valuable data point for analyzing trends in leisure and entertainment spending, which can provide insights into consumer confidence and the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and other economic indicators.
Historical Context
This economic trend is closely monitored by policymakers, businesses, and analysts to assess the health of Delaware's tourism and recreation sectors.
Key Facts
- Delaware's amusement, gambling, and recreation industries account for over 3% of the state's total GDP.
- The Chain-Type Quantity Index has increased by 15% in Delaware over the past 5 years.
- Leisure and hospitality is one of the fastest-growing sectors of Delaware's economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP measures the real, inflation-adjusted output of the amusement, gambling, and recreation industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand and economic activity in Delaware's leisure and tourism sectors, which are important drivers of the state's overall 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 survey responses and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor this trend to assess the health of Delaware's tourism and recreation industries, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index data is typically released on a quarterly basis, with a lag of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Delaware (DEAMUSEQGSP), retrieved from FRED.