Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware
DEFRBCINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,535.10
Year-over-Year Change
80.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the Gross Domestic Product (GDP) for the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (NAICS 521-522) industry in the state of Delaware. It provides insights into the economic activity and performance of this key 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 DEFRBCINGSP series tracks the total economic output or GDP generated by financial institutions such as central banks, commercial banks, and other credit providers in Delaware. This data is used by economists and policymakers to analyze the health and trends within the state's financial services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
This economic indicator is closely monitored by financial market participants, regulators, and economic analysts to assess the broader economic conditions in Delaware.
Key Facts
- Delaware's financial services GDP accounts for a significant portion of the state's overall economic output.
- The financial services industry is a major employer and driver of economic activity in Delaware.
- Trends in this data can signal changes in the broader financial health and lending activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) generated by the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services industry (NAICS 521-522) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the performance and economic contribution of Delaware's financial services sector, 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 (BEA) as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and economic analysts closely monitor this indicator to assess the overall health and trends within Delaware's financial services industry, which has important implications for the state's economic development and financial stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware (DEFRBCINGSP), retrieved from FRED.