Real Gross Domestic Product: Military in Delaware
DEGOVFEDMILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
603.90
Year-over-Year Change
-12.59%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Military in Delaware' series measures the real economic output of the military sector in the state of Delaware. This metric is important for understanding the contribution of the military to Delaware's overall economic activity.
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 series represents the real gross domestic product (GDP) generated by the military sector in the state of Delaware. It is a key indicator for assessing the economic impact of the military presence and defense-related industries within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
Policymakers and regional economists analyze this trend to gauge the importance of the military as an economic driver in Delaware.
Key Facts
- Delaware has a significant military presence, with several major installations.
- The military sector accounts for a notable portion of Delaware's overall economic output.
- Real GDP data provides insights into the military's contribution to the state's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the military sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic importance of the military presence and defense-related industries within the state of Delaware.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and regional economists analyze this trend to gauge the impact of the military as an economic driver in Delaware.
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.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Military in Delaware (DEGOVFEDMILRGSP), retrieved from FRED.