Real Gross Domestic Product: Government and Government Enterprises (92) in Delaware
DEGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,734.10
Year-over-Year Change
5.54%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Government and Government Enterprises (92) in Delaware measures the inflation-adjusted output of the government sector in the state's economy. This statistic is important for economists and policymakers to understand the role of government activity in driving economic growth.
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 (inflation-adjusted) value added by the government and government enterprises industry in Delaware. It is a component of the overall state GDP and provides insight into the economic impact of the public sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to evaluate the size and influence of the government within Delaware's economy.
Key Facts
- Delaware's government sector accounts for approximately 12% of its total GDP.
- Real government GDP in Delaware has grown by 2.5% annually over the past decade.
- The public sector is a major employer in Delaware, making up over 15% of total state employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value added by the government and government enterprises industry within Delaware's overall gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and economic impact of the public sector in Delaware, which is important for policymakers and economists analyzing the state's economic growth and composition.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the government's role and influence within Delaware's overall economy, which informs fiscal and economic development decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Delaware (DEGOVRQGSP), retrieved from FRED.