Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Delaware
DEFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.40
Year-over-Year Change
-92.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Delaware. It provides insight into the performance and economic contribution of this important financial services 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: Funds, Trusts, and Other Financial Vehicles (525) in Delaware series tracks the inflation-adjusted economic output of this key industry within the state. It is a valuable indicator for analysts and policymakers seeking to understand Delaware's financial services ecosystem and its role in the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is closely monitored by economists, investors, and state officials to gauge the health and competitiveness of Delaware's financial services industry.
Key Facts
- Delaware is a major hub for the financial services industry.
- The financial services sector accounts for a significant portion of Delaware's GDP.
- This trend provides a timely indicator of the industry's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and economic importance of Delaware's financial services sector, which is a key driver 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 standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and state officials to gauge the health and competitiveness of Delaware's financial services industry, which has important implications for economic policy and development.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and limitations of the U.S. Bureau of Economic Analysis GDP reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Delaware (DEFNDTRSTRGSP), retrieved from FRED.