Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Delaware
DEAPPLEATHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
123.33%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in the state of Delaware. It provides insight into the performance and contribution of this sector to the local economy.
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 DEAPPLEATHMANNGSP series tracks the GDP of the apparel, leather, and allied product manufacturing industry, which encompasses the production of clothing, footwear, and related goods. This metric is used by economists and policymakers to assess the health and growth of this important manufacturing segment within Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This industry-level GDP data is valuable for understanding Delaware's economic composition and can inform policy decisions and business strategies.
Key Facts
- Delaware's apparel, leather, and allied product manufacturing industry contributed $X.X billion to the state's GDP in the most recent year.
- This sector accounts for Y% of Delaware's total manufacturing output.
- GDP in this industry has grown/declined by Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP data provides insight into the performance and contribution of a key manufacturing sector to Delaware's economy, which is valuable 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 (BEA).
Q: How is this trend used in economic policy?
A: This GDP data for Delaware's apparel, leather, and allied product manufacturing industry can inform state-level economic policies, business strategies, and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Delaware (DEAPPLEATHMANNGSP), retrieved from FRED.