Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Delaware
DEEDHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.23
Year-over-Year Change
34.52%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Delaware measures the output of these key economic sectors in the state. It provides insight into the growth and performance of these critical industries.
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 tracks the real, inflation-adjusted output of the educational, healthcare, and social assistance sectors in Delaware's economy. It is a valuable indicator of activity and productivity in these important service-providing industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this index to monitor the health and contribution of these service sectors to Delaware's overall economic performance.
Key Facts
- Delaware's educational, healthcare, and social assistance sectors account for over 20% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The healthcare industry is the largest component, making up about 60% of the index.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the educational services, healthcare, and social assistance sectors in Delaware's economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the growth and performance of these critical service-providing industries in Delaware, which are key contributors to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the health and contribution of these service sectors to Delaware's overall economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The index data is published quarterly by the Federal Reserve with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Delaware (DEEDHLTHSOCASSQGSP), retrieved from FRED.