Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,421.50
Year-over-Year Change
-13.57%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in Delaware, which includes industries such as computer and electronic product manufacturing, transportation equipment, and furniture production.
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 GDP of durable goods manufacturing is an important indicator of the overall health and productivity of Delaware's industrial economy. It provides insight into the competitiveness and growth potential of the state's durable goods industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the performance and competitiveness of Delaware's manufacturing sector.
Key Facts
- Delaware's durable goods manufacturing sector accounts for over 10% of the state's total GDP.
- The sector has experienced steady growth over the past decade, outpacing the national average.
- Key industries include transportation equipment, computer and electronic products, and furniture manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in the state of Delaware, which includes industries such as computer and electronic product manufacturing, transportation equipment, and furniture production.
Q: Why is this trend relevant for users or analysts?
A: The real GDP of durable goods manufacturing is an important indicator of the overall health and competitiveness of Delaware's industrial economy, providing insights into the growth potential of the state's key manufacturing industries.
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: Policymakers and analysts use this metric to assess the performance and competitiveness of Delaware's manufacturing sector, which is a crucial driver of the state's economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware (DEDURMANRQGSP), retrieved from FRED.