Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Delaware
DECHEMMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
256.68
Year-over-Year Change
26.08%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Delaware measures the inflation-adjusted output of the chemical manufacturing industry in the state. It is a key indicator of economic activity and productivity in this important sector.
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 tracks the volume of real GDP, or total economic output, specifically for the chemical manufacturing industry in Delaware. It provides a comprehensive measure of industry performance and productivity trends over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production volumes and price indexes.
Historical Context
Policymakers and analysts use this index to assess the health and competitiveness of Delaware's chemical manufacturing sector.
Key Facts
- Delaware is a major center of the U.S. chemical industry.
- Chemical manufacturing accounts for over 10% of Delaware's GDP.
- This index has shown steady growth in the sector over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Delaware measures the inflation-adjusted output of the chemical manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive measure of performance and productivity trends in a critical sector of Delaware's economy, making it relevant for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production volumes and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and competitiveness of Delaware's chemical manufacturing sector, which is important for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Delaware (DECHEMMANQGSP), retrieved from FRED.