Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,760.40
Year-over-Year Change
1.70%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the gross domestic product (GDP) of the durable goods manufacturing sector in Delaware. It provides important insights into the state's economic activity and industrial output.
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 Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware series represents the total value of goods produced by the durable manufacturing industry in the state. It is a key indicator of Delaware's industrial production and economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, economists, and businesses to assess the health and trends of Delaware's manufacturing sector.
Key Facts
- Delaware's durable manufacturing GDP was $6.4 billion in 2020.
- The sector accounts for approximately 10% of Delaware's total economic output.
- Durable goods manufacturing has historically been a major driver of Delaware's economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) generated by the durable goods manufacturing sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The durable goods manufacturing GDP is a key indicator of industrial activity and economic performance in Delaware, providing insights that are relevant for policymakers, businesses, and economic analysts.
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 metric is closely monitored by policymakers, economists, and businesses to assess the health and trends of Delaware's manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of 2-3 months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware (DEDURMANNQGSP), retrieved from FRED.