Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Delaware
DEAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
296.50
Year-over-Year Change
-26.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Delaware. It provides insight into the performance and economic contribution of 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
The real GDP of the amusement, gambling, and recreation industries in Delaware offers a detailed view of a key component of the state's economy. This data is used by economists, policymakers, and industry analysts to track growth, make informed decisions, and assess the overall economic health of the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP reporting.
Historical Context
This trend is relevant for understanding the role of the leisure and hospitality industry in Delaware's economy and its impact on employment, tax revenue, and overall economic activity.
Key Facts
- Delaware's amusement, gambling, and recreation industries account for over 4% of the state's GDP.
- This sector has seen steady growth, outpacing the overall state economy in recent years.
- The gaming and hospitality industry is a major employer and driver of economic activity in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the performance and economic contribution of Delaware's leisure and hospitality sector, which is an important component 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 as part of its comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to track growth, make informed decisions, and assess the overall economic health and competitiveness of Delaware's recreation and entertainment industries.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with some lag, but it provides a reliable and comprehensive view of the amusement, gambling, and recreation industries in Delaware.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Delaware (DEAMUSERGSP), retrieved from FRED.