Gross Domestic Product: Finance and Insurance (52) in Delaware
DEFININSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,889.80
Year-over-Year Change
16.81%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the contribution of the finance and insurance sector to the Gross Domestic Product (GDP) of Delaware. It provides insights into the importance of this industry within 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: Finance and Insurance (52) in Delaware series tracks the output and value-added contribution of the finance and insurance sector to the overall economic activity in the state. This metric is a key indicator of the relative strength and significance of this industry within Delaware's economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the economic performance and competitiveness of Delaware's finance and insurance industry.
Key Facts
- Delaware's finance and insurance sector accounts for a significant portion of its GDP.
- The state has a thriving financial services industry, including banking, insurance, and investment management.
- This trend provides insights into the economic importance of the finance and insurance industry in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the finance and insurance sector to the Gross Domestic Product (GDP) of the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the importance of the finance and insurance industry within Delaware's economy, which can inform policymaking and business decisions.
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: Policymakers and analysts use this trend to assess the economic performance and competitiveness of Delaware's finance and insurance industry, which can inform policies and regulations affecting this sector.
Q: Are there update delays or limitations?
A: There may be some update delays due to the time required for data collection and analysis, but the trend provides a reliable indicator of the finance and insurance sector's contribution to Delaware's GDP.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Finance and Insurance (52) in Delaware (DEFININSNQGSP), retrieved from FRED.