Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.20
Year-over-Year Change
-1.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in Delaware. It provides insights into the performance and contribution of this key manufacturing sector to the state'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
The Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware series tracks the total value of goods and services produced by this industry in the state. It is an important indicator of the sector's economic output and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting procedures.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development agencies to assess the health and competitiveness of Delaware's manufacturing base.
Key Facts
- Delaware's electrical equipment manufacturing sector accounts for over $3 billion in annual GDP.
- This industry has experienced steady growth, with a 5-year average annual increase of 2.4%.
- The state ranks 8th nationally in electrical equipment manufacturing GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of a key manufacturing sector in Delaware, which is closely monitored by policymakers and industry analysts.
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 income and product accounting procedures.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economic development agencies, and industry analysts to assess the health and competitiveness of Delaware's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, which may limit its timeliness for some applications.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware (DEELCEQAPMANNGSP), retrieved from FRED.