Gross Domestic Product: Government and Government Enterprises (92) in Delaware
DEGOVNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,833.60
Year-over-Year Change
16.74%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Government and Government Enterprises (92) in Delaware trend measures the total economic output generated by government and government enterprises in the state. It is a key indicator of the public sector's contribution to the state'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 economic indicator represents the value-added by government agencies and government-owned enterprises in Delaware. It is an important component of the state's Gross Domestic Product (GDP) and helps analysts assess the relative size and influence of the public sector in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and economists use this trend to evaluate the economic impact of government spending and the role of the public sector in Delaware's economy.
Key Facts
- Delaware's government GDP in 2021 was $12.1 billion.
- Government and government enterprises account for 15% of Delaware's total GDP.
- This trend has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output generated by government agencies and government-owned enterprises in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the public sector's contribution to Delaware's overall economic activity, which is relevant for policymakers and economists analyzing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the economic impact of government spending and the role of the public sector in Delaware's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Government and Government Enterprises (92) in Delaware (DEGOVNQGSP), retrieved from FRED.