Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Delaware
DEARTENTRECQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.67
Year-over-Year Change
-21.27%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Delaware measures the volume of economic output in this sector and geographic area, adjusted for inflation.
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
This index provides a gauge of the real-dollar value of goods and services produced by the arts, entertainment, and recreation industry in Delaware, allowing for analysis of trends and growth in this important economic segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula to track quantity changes over time.
Historical Context
Policymakers and analysts use this index to assess the health and performance of Delaware's creative economy.
Key Facts
- The index is benchmarked to 2012 = 100.
- The arts, entertainment, and recreation sector accounts for over 3% of Delaware's total GDP.
- Index values have grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced by the arts, entertainment, and recreation industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: The index provides insight into the performance and growth of an important creative and leisure-based sector of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula to track quantity changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and performance of Delaware's creative economy and inform decisions around economic development.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Delaware (DEARTENTRECQGSP), retrieved from FRED.