Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Delaware
DEARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
614.00
Year-over-Year Change
33.68%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Gross Domestic Product (GDP) of the arts, entertainment, and recreation sector in Delaware. It provides insight into the economic activity and performance of this important industry 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 arts, entertainment, and recreation sector is a significant component of Delaware's economy. This GDP series tracks the total economic output and value-added by businesses and organizations in this industry, which includes performing arts, spectator sports, museums, amusement parks, and related activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state and industry accounts.
Historical Context
This GDP trend is used by policymakers, industry analysts, and economic development organizations to monitor the health and growth of Delaware's creative economy.
Key Facts
- Delaware's arts, entertainment, and recreation GDP was $1.3 billion in 2021.
- This sector accounts for 2.1% of Delaware's total GDP.
- GDP in this industry grew by 7.2% in Delaware from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the arts, entertainment, and recreation sector in the state of Delaware. It tracks the total economic output and value-added by businesses in this industry.
Q: Why is this trend relevant for users or analysts?
A: This GDP trend provides important insights into the health and performance of Delaware's creative economy. It is used by policymakers, industry analysts, and economic development organizations to monitor growth and support decision-making.
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 their GDP by state and industry accounts.
Q: How is this trend used in economic policy?
A: This GDP trend is used by policymakers, industry groups, and economic development organizations in Delaware to monitor the state's creative economy and inform policies and initiatives to support the arts, entertainment, and recreation sectors.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of a calendar year and the release of the latest annual GDP data for Delaware's arts, entertainment, and recreation sector.
Related Trends
State Tax Collections: T27 Public Utilities License for Delaware
QTAXT27QTAXCAT3DENO
Housing Inventory: Average Listing Price Month-Over-Month in Delaware
AVELISPRIMMDE
Transportation Carbon Dioxide Emissions, Coal for Delaware
EMISSCO2TOTVTCCODEA
Gross Domestic Product: Manufacturing (31-33) in Delaware
DEMANNGSP
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Delaware
DEPCEPCSRECSRV
Regional Price Parities: All Items: Nonmetropolitan Portion for Delaware
DENMPRPPALL
Citation
U.S. Federal Reserve, Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Delaware (DEARTENTRECNQGSP), retrieved from FRED.