Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Delaware
DECPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.68
Year-over-Year Change
43.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in the state of Delaware. It provides insights into the production and output performance of this key manufacturing 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
The chain-type quantity index for real GDP is a measure of the volume of economic activity, adjusted for price changes. This metric is used by economists and policymakers to analyze productivity, competitiveness, and growth trends in specific industries and regions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting procedures.
Historical Context
This trend is relevant for understanding the state of Delaware's manufacturing competitiveness and the dynamics of the technology and electronics industries.
Key Facts
- Delaware's computer and electronics manufacturing accounts for over 10% of the state's GDP.
- This industry has seen steady growth in output over the past decade.
- The state ranks among the top 10 in the U.S. for technology and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production and output performance of a key manufacturing sector in Delaware, which is important for understanding the state's economic competitiveness and growth dynamics.
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 accounting procedures.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the state of Delaware's manufacturing competitiveness and the dynamics of the technology and electronics industries.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Delaware (DECPUELCPMANQGSP), retrieved from FRED.