Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Delaware
DEHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.32
Year-over-Year Change
40.15%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Delaware measures the inflation-adjusted output of the health care and social assistance sector in the state's economy.
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 production volume of Delaware's health care and social assistance industry, providing insights into the economic performance and growth of a key sector. Economists and policymakers use this data to analyze industry trends and their broader implications for the state's economic development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Historical Context
This economic indicator is relevant for understanding the healthcare market and its role in Delaware's overall economic activity.
Key Facts
- The index is based on 2012 as the reference year.
- Delaware's health care and social assistance sector accounts for over 10% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the health care and social assistance sector in Delaware's economy.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and growth of a key industry in Delaware, which is important for understanding the state's overall economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze industry trends and their broader implications for Delaware's economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be a lag in the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Delaware (DEHLTHSOCASSQGSP), retrieved from FRED.