Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Delaware
DEBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
693.00
Year-over-Year Change
41.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Delaware. It provides insights into the performance and contribution of these key sectors to the state's 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 Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Delaware series tracks the inflation-adjusted output of these industries in the state. It is an important indicator for understanding the state's economic structure, productivity, and competitiveness in these technology-driven sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is widely used by policymakers, economists, and industry analysts to assess the health and growth potential of Delaware's broadcasting and telecommunications sectors.
Key Facts
- Delaware's broadcasting and telecommunications sectors accounted for 3.2% of the state's GDP in 2021.
- Real GDP in these industries grew by 2.5% in Delaware from 2020 to 2021.
- The broadcasting and telecommunications sectors employ over 12,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of these key technology-driven sectors to Delaware's economy, which is crucial information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and industry analysts to assess the health and growth potential of Delaware's broadcasting and telecommunications sectors, which are important for the state's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Delaware (DEBRDTELERGSP), retrieved from FRED.