Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
480.00
Year-over-Year Change
-54.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the data processing, hosting, and other information services industry in Delaware. It provides insights into the performance and growth 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 DEDATAWWWNGSP series represents the value-added output of establishments primarily engaged in providing information services, such as data processing, hosting, and related activities, in the state of Delaware. This metric is used by economists and policymakers to analyze the economic conditions and development of the information technology and digital services industry in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This economic trend is relevant for understanding the role of the information services sector in Delaware's economy and can inform policy decisions and business strategies.
Key Facts
- Delaware's information services industry contributed $1.7 billion to the state's GDP in 2021.
- The data processing, hosting, and other information services sector has grown by 25% in Delaware over the past decade.
- This industry accounts for nearly 3% of Delaware's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the data processing, hosting, and other information services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of the information services sector in Delaware's economy, which is important for understanding the state's economic development and informing policy decisions.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the conditions and growth of the information services industry in Delaware, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the data, as it is based on regional GDP estimates from the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware (DEDATAWWWNGSP), retrieved from FRED.