Chain-Type Quantity Index for Real GDP: Construction (23) in Delaware
DECONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.49
Year-over-Year Change
26.01%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Delaware measures the real output of the construction industry in the state. This metric is important for economists and policymakers to gauge the health and growth of the local 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
This index tracks changes in the real, inflation-adjusted value added by the construction sector in Delaware's gross domestic product. It provides insight into the construction industry's contribution to overall economic activity within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real GDP.
Historical Context
This index is used by analysts to assess construction activity and its impact on the broader Delaware economy.
Key Facts
- Delaware's construction industry accounts for around 4% of state GDP.
- The index uses 2012 as the base year for measurement.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the construction industry in Delaware's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the construction sector, which is an important component of Delaware's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real GDP.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess construction activity and its impact on the broader Delaware economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Delaware (DECONSTQGSP), retrieved from FRED.