Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Delaware
DEFRSTFISHQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.09
Year-over-Year Change
21.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Delaware measures the real output of the forestry, fishing, and related industries in the state. This metric is crucial for economists and policymakers to assess the health and performance of Delaware's natural resource-based economy.
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 tracks the real output of industries engaged in the harvesting and initial processing of natural resources, including forestry, fishing, hunting, and support activities. It is an important indicator of economic activity and productivity in Delaware's rural and coastal regions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other economic indicators.
Historical Context
Policymakers and market analysts use this index to gauge the performance and competitiveness of Delaware's natural resource sectors.
Key Facts
- Delaware's forestry and fishing industries account for over 2% of the state's GDP.
- This index has increased by 15% over the past decade, indicating growth in the sector.
- Fishing and seafood processing are major employers in Delaware's coastal communities.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Delaware measures the real output of industries engaged in the harvesting and initial processing of natural resources in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity and productivity in Delaware's rural and coastal regions, and is used by policymakers and market analysts to gauge the performance and competitiveness of the state's natural resource sectors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess the health and performance of Delaware's natural resource-based economy, which is crucial for supporting rural and coastal communities in the state.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be some delays in the release of the latest data.
Related Trends
Regional Price Parities: Goods for Delaware
DERPPGOOD
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware
DENDURMANRGSP
All Employees: Manufacturing: Durable Goods in Delaware
SMS10000003100000001
Regional Price Parities: All Items: Nonmetropolitan Portion for Delaware
DENMPRPPALL
All Employees: Government: State Government in Delaware
SMU10000009092000001
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Delaware
DEAPPLEATHMANNGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Delaware (DEFRSTFISHQGSP), retrieved from FRED.