Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Delaware
DEEDHLTHSOCASSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,402.10
Year-over-Year Change
76.58%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the educational services, healthcare, and social assistance industries in the state of Delaware. It provides insight into the economic performance and importance of these key sectors.
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 GDP for educational services, healthcare, and social assistance in Delaware is a comprehensive measure of the total economic output and value added by these industries within the state. It is used by economists and policymakers to analyze the role of these sectors in Delaware's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This trend is relevant for understanding Delaware's economic composition and assessing the performance of industries crucial to the state's residents and workforce.
Key Facts
- Delaware's GDP for educational services, healthcare, and social assistance was $13.4 billion in 2021.
- These industries account for over 20% of Delaware's total economic output.
- Employment in these sectors has grown by 7.5% in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the educational services, healthcare, and social assistance industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and importance of these key sectors in Delaware, which are crucial to the state's residents and workforce.
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 state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Delaware's economic composition and assessing the performance of industries crucial to the state's residents and workforce.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may have a delay of several months from the end of the reporting period.
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Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Delaware
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Citation
U.S. Federal Reserve, Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Delaware (DEEDHLTHSOCASSNGSP), retrieved from FRED.