Chain-Type Quantity Index for Real GDP: Educational Services (61) in Delaware
DEEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.71
Year-over-Year Change
-18.58%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Delaware measures the output and productivity of the educational services sector in the state. It is a key indicator for policymakers and economists assessing the health and growth of Delaware'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
This index provides a quantitative measure of the real output of the educational services industry in Delaware, adjusted for inflation. It is a useful metric for analyzing the state's economic trends and the role of the education sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP-by-industry accounts.
Historical Context
This index informs economic policy decisions and investment strategies related to Delaware's education infrastructure and workforce development.
Key Facts
- Delaware's educational services industry accounts for over 3% of the state's total GDP.
- The Chain-Type Quantity Index has increased by 15% in Delaware over the past decade.
- Educational services are a key driver of economic growth in many U.S. states.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output and productivity of the educational services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The educational services sector is an important component of Delaware's economy, and this index provides valuable insights into its performance and contribution to overall state GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP-by-industry accounts.
Q: How is this trend used in economic policy?
A: This index informs policy decisions and investment strategies related to Delaware's education infrastructure and workforce development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Delaware (DEEDCATQGSP), retrieved from FRED.