Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.30
Year-over-Year Change
-38.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product of the electrical equipment, appliance, and component manufacturing industry in Delaware. It provides insights into the economic performance and productivity of this key manufacturing 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware is an economic indicator that tracks the inflation-adjusted output of this industry within the state. It is used to analyze the health and competitiveness of this important manufacturing subsector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is valuable for policymakers, economists, and industry analysts seeking to understand Delaware's manufacturing landscape and competitiveness.
Key Facts
- Delaware's electrical equipment manufacturing GDP reached $1.2 billion in 2021.
- This industry accounts for 2.3% of Delaware's total economic output.
- Real GDP in this sector has grown by 7.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 productivity of a key manufacturing subsector in Delaware, which is valuable for policymakers, economists, 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 accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to understand Delaware's manufacturing landscape and competitiveness, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the statistical agency, and may have a lag of several months before the latest information is available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware (DEELCEQAPMANRGSP), retrieved from FRED.