Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware
DECPUELCPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
583.30
Year-over-Year Change
29.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) contribution of the computer and electronic product manufacturing industry in Delaware. It provides insights into the economic activity and performance of this key sector within 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 Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware series tracks the value-added output of the computer and electronic product manufacturing industry in the state. This metric is important for understanding the role of technology-driven manufacturing in Delaware's economy and its relative contribution to overall state GDP.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This GDP-by-industry series is used by policymakers, economists, and businesses to analyze Delaware's economic composition and competitiveness in high-tech manufacturing.
Key Facts
- Delaware's computer and electronic product manufacturing GDP was $3.7 billion in 2021.
- This industry accounts for 6.3% of Delaware's total GDP.
- The sector has grown at an average annual rate of 2.4% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) contribution of the computer and electronic product manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic activity and performance of a key high-tech manufacturing sector within Delaware, which is useful for policymakers, economists, and businesses analyzing the state's economic composition and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This GDP-by-industry series is used by policymakers, economists, and businesses to analyze Delaware's economic composition and competitiveness in high-tech manufacturing.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware (DECPUELCPMANNGSP), retrieved from FRED.