Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Delaware
DEGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.89
Year-over-Year Change
5.54%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Delaware measures the real output of the government sector in the state's economy. This metric is crucial for policymakers to understand the changing role and impact of public institutions.
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 index tracks the volume of goods and services produced by government entities in Delaware, adjusted for inflation. It provides a gauge of the real economic activity and productivity within the public sector, which is an important component of the state's overall economic performance.
Methodology
The data is calculated based on government expenditure and employment figures collected by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this index are closely monitored by economists and policymakers to assess the fiscal health and policy implications for Delaware's government operations.
Key Facts
- The index has a base year of 2012 = 100.
- Government and government enterprises account for over 15% of Delaware's GDP.
- The index reached a high of 109.9 in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of government and government enterprises in the state of Delaware's economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are important for understanding the role and productivity of the public sector in Delaware's overall economic performance and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on government expenditure and employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the fiscal health and policy implications for government operations in Delaware.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Delaware (DEGOVQQGSP), retrieved from FRED.