Real Gross Domestic Product: Finance and Insurance (52) in Delaware
DEFININSRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,595.30
Year-over-Year Change
-20.16%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) of the finance and insurance industry in Delaware. It is an important indicator of economic activity and performance in a key sector of 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 real GDP for the finance and insurance industry in Delaware represents the total inflation-adjusted value of goods and services produced by this sector. It is a widely used measure of economic output and growth that allows for comparisons over time and across regions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to understand trends and make informed decisions about Delaware's economic conditions.
Key Facts
- Delaware's finance and insurance sector accounts for over 30% of the state's GDP.
- This industry has seen steady growth in recent years, outpacing the national average.
- The finance and insurance industry is a major employer in Delaware, providing high-wage jobs.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product (GDP) of the finance and insurance industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The finance and insurance sector is a critical component of Delaware's economy, and this data provides valuable insights into the performance and growth of this key industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this metric to understand economic conditions and make informed decisions about Delaware's economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with typical update delays of several months.
Related Trends
Real Personal Income: Metropolitan Portion for Delaware
DEMPRPI
Information Wages and Salaries in Delaware
DEWINF
Spliced Business Formations Within Four Quarters: Total for All NAICS in Delaware
BFSBF4QTOTALNSADE
All Employees: Government: Local Government in Delaware
SMS10000009093000001
Commercial Carbon Dioxide Emissions, Kerosene for Delaware
EMISSCO2VKSCCBDEA
All Employees: Financial Activities: Financial Investments and Related Activities Including Financial Vehicles in Delaware
SMU10000005552300001
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Finance and Insurance (52) in Delaware (DEFININSRGSP), retrieved from FRED.