Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,421.40
Year-over-Year Change
3.31%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the durable goods manufacturing industry in Delaware. It provides insights into the performance and growth of this important 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 Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware series tracks the inflation-adjusted value-added output of durable goods manufacturers in the state. This metric is widely used by economists and policymakers to assess the health and competitiveness of Delaware's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Historical Context
This trend is relevant for understanding Delaware's industrial composition and economic development strategies.
Key Facts
- Delaware's durable goods manufacturing industry accounts for over 10% of the state's GDP.
- This sector has seen steady growth of 2-3% annually over the past decade.
- Key durable goods industries in Delaware include chemicals, plastics, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the durable goods manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness of a key sector of Delaware's economy, which is crucial for understanding the state's overall economic health and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Delaware's manufacturing base and inform economic development strategies, such as supporting key industries or identifying areas for investment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Regional Price Parities: All Items: Metropolitan Portion for Delaware
DEMPRPPALL
Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Delaware
DEPRIMETMANQGSP
Electric Power Carbon Dioxide Emissions, All Fuels for Delaware
EMISSCO2TOTVECTODEA
Imports of Goods: Non-Manufactured Commodities for Delaware
IMPNONDE
Construction Wages and Salaries in Delaware
DEWCON
Commercial Carbon Dioxide Emissions, LPG (Fuel Use) for Delaware
EMISSCO2VHLCCBDEA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware (DEDURMANRGSP), retrieved from FRED.