Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Delaware
DEFRSTFISHRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
21.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the forestry, fishing, and related activities sector in Delaware. It provides insights into the performance and growth of this crucial natural resource industry within the state's 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
The Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Delaware series tracks the inflation-adjusted economic output of Delaware's forestry, fishing, and related industries. This metric is widely used by economists and policymakers to analyze the state's economic structure, resource utilization, and sectoral performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic indicator informs policy decisions and private sector investments related to the management and development of Delaware's natural resources.
Key Facts
- Delaware's forestry, fishing, and related activities sector accounts for less than 1% of the state's total GDP.
- This industry has seen steady growth in recent years, outpacing the overall state economy.
- The sector plays a vital role in Delaware's coastal and rural communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the forestry, fishing, and related activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of a crucial natural resource industry within Delaware's economy, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This economic indicator informs policy decisions and private sector investments related to the management and development of Delaware's natural resources.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Economic Analysis' economic statistics.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Delaware (DEFRSTFISHRGSP), retrieved from FRED.