Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware
DECPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
569.20
Year-over-Year Change
43.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in Delaware. It is an important indicator of the state's economic activity and productivity in this key 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 Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware series tracks the inflation-adjusted economic output of this industry within the state. It provides insights into the performance and competitiveness of Delaware's high-tech manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this trend to evaluate Delaware's economic development and competitiveness in advanced manufacturing.
Key Facts
- Delaware's computer and electronics manufacturing accounts for over 10% of the state's total GDP.
- This industry has experienced steady growth over the past decade, outpacing the national average.
- The state is home to several major tech and semiconductor firms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) 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 trend provides valuable insights into the performance and competitiveness of Delaware's high-tech manufacturing sector, which is an important driver of the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to evaluate Delaware's economic development and competitiveness in advanced manufacturing, which informs policy decisions and strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Delaware (DECPUELCPMANRGSP), retrieved from FRED.