Chain-Type Quantity Index for Real GDP: State and Local in Delaware
DEGOVSLQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.74
Year-over-Year Change
5.65%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: State and Local in Delaware measures the inflation-adjusted output of state and local government spending in Delaware. This metric is important for economists and policymakers to analyze the economic activity and fiscal health of state and local governments.
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 real, price-adjusted value of goods and services produced by Delaware's state and local government entities. It is a key indicator of the size and growth of the public sector within the broader state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to account for price changes over time.
Historical Context
Trends in this index help inform fiscal and budgetary decisions at the state and local level.
Key Facts
- Delaware's state and local real GDP index stood at 115.63 in 2021.
- The index has grown at an average annual rate of 1.5% over the past decade.
- State and local government spending accounts for over 13% of Delaware's total economic output.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real, inflation-adjusted value of goods and services produced by Delaware's state and local government entities.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index help inform fiscal and budgetary decisions at the state and local level, as it indicates the size and growth of the public sector within the broader Delaware economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to account for price changes over time.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the fiscal health and economic activity of Delaware's state and local governments, which informs budgetary and spending decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag period.
Related Trends
Housing Inventory: Average Listing Price Month-Over-Month in Delaware
AVELISPRIMMDE
All Employees: Social Assistance in Delaware
SMU10000006562400001A
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware
DEMISCMANRGSP
Chain-Type Quantity Index for Real GDP: Real Estate (531) in Delaware
DEREALQGSP
Per Capita Personal Consumption Expenditures: Goods for Delaware
DEPCEPCG
Real Gross Domestic Product: Construction (23) in Delaware
DECONSTRQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: State and Local in Delaware (DEGOVSLQGSP), retrieved from FRED.