Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware
DEFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.73
Year-over-Year Change
-16.91%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware measures the real economic output of this industry sector in the state.
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 provides a standardized measure of the inflation-adjusted production and activity levels for Delaware's financial services and banking industries. It is a key indicator for analyzing the state's economic health and performance in this crucial economic sector.
Methodology
The data is calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
Policymakers and economists closely monitor this index to assess the broader conditions and trends within Delaware's financial services markets.
Key Facts
- Delaware's financial services industry accounts for over 50% of the state's GDP.
- This index has shown steady growth since the 2008 financial crisis.
- Fluctuations in this index can signal changes in lending, investment, and consumer spending activity.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output and production levels of Delaware's financial services and banking industries.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator for assessing the health and performance of Delaware's dominant financial services sector, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this index using established national accounting principles and methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index closely to gauge conditions in Delaware's financial markets and make informed decisions about economic and regulatory policies.
Q: Are there update delays or limitations?
A: This index is updated quarterly by the Federal Reserve, with a typical 1-2 month publication delay. The data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware (DEFRBCIQGSP), retrieved from FRED.