Gross Domestic Product: Federal Civilian in Delaware
DEGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,253.20
Year-over-Year Change
83.14%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Federal Civilian in Delaware' series measures the total economic output of federal civilian government activity in the state of Delaware. This metric is important for understanding the role of the public sector in 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
This economic trend represents the inflation-adjusted value added to Delaware's GDP from federal civilian government operations, such as federal agencies, military bases, and other public sector activities. It is a key indicator for analyzing the government's economic footprint and contribution to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using economic models and surveys.
Historical Context
Policymakers and economists use this trend to evaluate the impact of federal spending and employment on Delaware's economic conditions.
Key Facts
- Delaware's federal civilian GDP was $4.3 billion in 2021.
- Federal civilian government accounts for about 5% of Delaware's total GDP.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added from federal civilian government activities in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the role of the public sector in Delaware's economy and can inform policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using economic models and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the impact of federal spending and employment on Delaware's economic conditions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Delaware (DEGOVFEDCIVNGSP), retrieved from FRED.