Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
548.50
Year-over-Year Change
-45.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the data processing, hosting, and other information services industry in Delaware. It provides insights into the economic performance and growth of 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: Data Processing, Hosting, and Other Information Services (518-519) in Delaware series tracks the inflation-adjusted output of this industry within the state's economy. It is an important indicator of productivity and competitiveness in this technology-driven segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the health and trajectory of Delaware's information services sector.
Key Facts
- Delaware's information services industry accounts for over 5% of the state's GDP.
- Real GDP in this sector has grown by an average of 3.2% annually over the past decade.
- The data processing and hosting segment makes up the largest share of this industry in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product 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 valuable insights into the performance and growth of a key technology-driven sector within Delaware's economy, which is important for policymakers, industry analysts, and investors.
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 principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the health and trajectory of Delaware's information services sector, which informs economic development strategies and policy decisions.
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, which may result in short delays before the most recent information is available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware (DEDATAWWWRGSP), retrieved from FRED.