Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
241.62
Year-over-Year Change
-45.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Delaware measures the real output of the information services industry in 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
This index tracks the inflation-adjusted value of economic activity in Delaware's data processing, hosting, and other information services sectors. It is a key indicator of productivity and growth in the state's technology and digital economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and economic contribution of Delaware's information services industry.
Key Facts
- Delaware's information services industry accounts for over 5% of the state's real GDP.
- This index has grown by an average of 3.2% annually over the past decade.
- Rapid expansion of data centers and cloud computing has driven recent gains in this sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Delaware's data processing, hosting, and other information services sectors.
Q: Why is this trend relevant for users or analysts?
A: It provides a key indicator of productivity and growth in Delaware's technology and digital economy, which is an important part of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and economic contribution of Delaware's information services industry.
Q: Are there update delays or limitations?
A: There are typically 2-3 month delays in the release of this data by the Federal Reserve.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Delaware (DEDATAWWWQGSP), retrieved from FRED.