Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Delaware
DEFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.80
Year-over-Year Change
76.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Delaware. It provides insight into the financial services industry's contribution to the state's overall economic activity.
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 GDP of funds, trusts, and other financial vehicles in Delaware is an important indicator of the strength and growth of the state's financial services sector. This data is used by economists, policymakers, and investors to analyze the composition and dynamics of Delaware's economy.
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 closely monitored by regulators, financial institutions, and economic analysts to assess the health and competitiveness of Delaware's financial services industry.
Key Facts
- Delaware is a major hub for financial services in the U.S.
- The financial services sector accounts for a significant portion of Delaware's GDP.
- This trend data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of funds, trusts, and other financial vehicles in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of Delaware's financial services industry, which is a critical component of the state's economy.
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 closely monitored by regulators, financial institutions, and economic analysts to assess the health and competitiveness of Delaware's financial services industry.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several months.
Related Trends
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Delaware
SMS10000004300000001
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware
DESECCOMINVNGSP
Pandemic Unemployment Assistance Initial Claims in Delaware
PUAICDE
Personal Consumption Expenditures: Goods: Durable Goods for Delaware
DEPCEDURG
All Employees: Manufacturing: Durable Goods in Delaware
SMS10000003100000001
Real Gross Domestic Product: Private Industries in Delaware
DEPIRGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Delaware (DEFNDTRSTNGSP), retrieved from FRED.