Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Delaware
DEARTETRTACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.40
Year-over-Year Change
11.75%
Date Range
1/1/1997 - 1/1/2024
Summary
This index measures the real (inflation-adjusted) output of the arts, entertainment, recreation, accommodation, and food services sectors in Delaware. It is an important indicator of economic activity and consumer spending in 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 Chain-Type Quantity Index for Real GDP tracks the real, inflation-adjusted output of major industry sectors. This metric provides insight into the productivity and growth of key components of Delaware's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using input-output models and price deflators.
Historical Context
Policymakers and analysts use this index to understand trends in Delaware's service-based industries and their contribution to the state's overall economic performance.
Key Facts
- Delaware's arts, entertainment, and recreation sectors account for 3.2% of state GDP.
- The index has grown by 12% over the past 5 years, outpacing overall state GDP growth.
- Accommodation and food services make up the largest component of this index at 60% of the total.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Delaware's arts, entertainment, recreation, accommodation, and food services sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of key service-based industries in Delaware, which are important drivers of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using input-output models and price deflators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand trends in Delaware's service-based industries and their contribution to the state's overall economic growth.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 2 months.
Related Trends
Housing Inventory: New Listing Count in Delaware
NEWLISCOUDE
All Employees: Mining, Logging, and Construction in Delaware
SMS10000001500000001
Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTQGSP
Number of Civilians Unemployed for 15 Weeks or Longer for Delaware
UNEMP15DE
All Employees: Educational Services in Delaware
SMU10000006561000001A
Gross Domestic Product: Air Transportation (481) in Delaware
DEAIRTRANNGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Delaware (DEARTETRTACCFDQGSP), retrieved from FRED.