Gross Domestic Product: Health Care and Social Assistance (62) in Delaware
DEHLTHSOCASSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,110.00
Year-over-Year Change
22.44%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the gross domestic product (GDP) of the health care and social assistance industry in Delaware. It provides insights into the economic performance and contribution of this key sector.
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
The Health Care and Social Assistance GDP series tracks the total value of goods and services produced by businesses in the health care and social assistance industry within the state of Delaware. This metric is used by economists and policymakers to analyze the economic importance and growth trends of this industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Historical Context
Monitoring this industry's GDP helps inform decisions around healthcare policy, investment, and workforce planning.
Key Facts
- Delaware's health care and social assistance GDP was $8.7 billion in 2021.
- This industry accounts for 12.3% of Delaware's total GDP.
- The sector has grown 4.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the health care and social assistance industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the GDP of this key industry provides insights into the economic performance and growth of the healthcare sector, which is crucial for policymakers, investors, and workforce planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and industries.
Q: How is this trend used in economic policy?
A: Trends in health care and social assistance GDP help inform decisions around healthcare policy, investment, and workforce planning at the state level.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Health Care and Social Assistance (62) in Delaware (DEHLTHSOCASSNQGSP), retrieved from FRED.