Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware
DEFRBCIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,565.80
Year-over-Year Change
-16.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services industry in Delaware. It provides insight into the economic activity and productivity of this key 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 GDP for this industry represents the total output of goods and services adjusted for inflation. It is a important indicator of the health and growth of this financial services segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on national accounts and economic surveys.
Historical Context
Economists and policymakers use this trend to analyze the performance and contributions of the banking and finance industry in Delaware.
Key Facts
- Delaware is a major hub for financial services and banking in the U.S.
- This industry accounts for a significant portion of the state's economic output.
- The real GDP trend helps track productivity and growth in this critical sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contributions of the banking and finance industry, a critical component of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on national accounts and economic surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the health and growth of the financial services sector in Delaware, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Federal Reserve, and may have some delay compared to the most current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware (DEFRBCIRGSP), retrieved from FRED.