Real Gross Domestic Product: Educational Services (61) in Delaware
DEEDCATRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
397.60
Year-over-Year Change
-0.23%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the educational services industry (NAICS code 61) in the state of Delaware. It provides insights into the productivity and economic output 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: Educational Services (61) in Delaware series tracks the inflation-adjusted economic output of the educational services industry in Delaware. This metric is used by economists and policymakers to analyze the state's economic performance and identify trends in a critical service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is relevant for understanding Delaware's education industry and informing policy decisions related to education, workforce development, and economic growth.
Key Facts
- Delaware's educational services industry accounts for approximately 3% of the state's total GDP.
- Real GDP in Delaware's educational services sector has grown by 15% over the past decade.
- The educational services industry is one of the largest employers in Delaware, accounting for over 25,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the educational services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic output of Delaware's education sector, which is a key driver of the state's economy and workforce development.
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 indicator is used by economists, policymakers, and education stakeholders to analyze the performance of Delaware's education industry and inform decisions related to funding, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Delaware (DEEDCATRQGSP), retrieved from FRED.