Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Delaware
DEFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.96
Year-over-Year Change
0.30%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Delaware measures the inflation-adjusted output of this economic sector in the state. It is a key indicator of the health and growth of Delaware's service-based 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
This index tracks changes in the real, or inflation-adjusted, value added by the finance, insurance, real estate, rental, and leasing industries in Delaware. It is used by economists and policymakers to analyze the state's economic performance and plan policies that support this vital service sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis and calculated using a chain-type quantity index.
Historical Context
Trends in this index can inform decisions around regulation, taxation, and other policies affecting Delaware's finance and real estate markets.
Key Facts
- Delaware's finance and real estate sectors account for over 30% of its GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The index fell sharply during the 2008-2009 recession but has since recovered to new highs.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Delaware measures the inflation-adjusted output of these service industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and growth of Delaware's service-based economy, which is heavily dependent on the finance, insurance, and real estate sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis and calculated using a chain-type quantity index.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around regulation, taxation, and other policies affecting Delaware's finance and real estate markets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Delaware (DEFININSREALQGSP), retrieved from FRED.