Real Gross Domestic Product: Chemical Manufacturing (325) in Delaware
DECHEMMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,485.80
Year-over-Year Change
26.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the chemical manufacturing industry in the state of Delaware. It provides insight into the productivity and economic output of this key sector within 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: Chemical Manufacturing (325) in Delaware series tracks the inflation-adjusted economic output of the chemical manufacturing industry in Delaware. It is a valuable indicator of the industry's contribution to the state's overall economic performance and growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is useful for policymakers, industry analysts, and investors to assess the health and competitiveness of Delaware's chemical manufacturing sector.
Key Facts
- Delaware is a major hub for the chemical industry in the United States.
- The chemical manufacturing sector accounts for a significant portion of Delaware's GDP.
- Real GDP growth in this industry can indicate broader economic trends in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the chemical manufacturing industry in the state of Delaware, providing insight into the productivity and economic output of this key sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, industry analysts, and investors as it provides valuable insight into the health and competitiveness of Delaware's chemical manufacturing sector, which is a significant contributor to 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 industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the economic conditions and growth potential of the chemical manufacturing sector in Delaware, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis, which may result in occasional delays or revisions to the published figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Chemical Manufacturing (325) in Delaware (DECHEMMANRGSP), retrieved from FRED.