Real Gross Domestic Product: Federal Civilian in Delaware
DEGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
973.00
Year-over-Year Change
31.91%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the federal civilian government sector in the state of Delaware. It provides insights into the economic activity and productivity of the federal civilian workforce 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
The Real Gross Domestic Product: Federal Civilian in Delaware series tracks the inflation-adjusted economic output of the federal civilian government in Delaware. This metric is used by economists and policymakers to analyze the contribution of the federal civilian sector to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including government employment and expenditure data.
Historical Context
This trend is relevant for understanding the role of the federal government in Delaware's economy and can inform policy decisions related to federal workforce and spending in the state.
Key Facts
- Delaware's federal civilian GDP was $3.9 billion in 2021.
- This trend has grown by 14% over the past 5 years.
- The federal civilian sector accounts for 5.2% of Delaware's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the federal civilian government sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic activity and productivity of the federal civilian workforce in Delaware, which is important for understanding the role of the federal government in the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including government employment and expenditure data.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to federal workforce and spending in Delaware, as it provides insights into the contribution of the federal civilian sector to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Delaware (DEGOVFEDCIVRGSP), retrieved from FRED.