Real Gross Domestic Product: Health Care and Social Assistance (62) in Delaware
DEHLTHSOCASSRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,476.10
Year-over-Year Change
40.15%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the health care and social assistance sector in Delaware. It provides insights into the performance and growth of this critical industry within 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
The Real Gross Domestic Product: Health Care and Social Assistance (62) in Delaware series tracks the inflation-adjusted value added by the health care and social assistance industry to the state's overall economic output. This metric is widely used by economists and policymakers to analyze the health and competitiveness of Delaware's health care sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is important for understanding the role of the health care industry in Delaware's economy and informing policy decisions that affect the sector.
Key Facts
- The health care and social assistance sector accounts for over 10% of Delaware's GDP.
- This trend has shown steady growth over the past decade.
- The COVID-19 pandemic had a significant impact on the sector's economic output in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the health care and social assistance sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of Delaware's health care industry, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of the health care sector in Delaware's economy and inform policy decisions that affect the industry.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Health Care and Social Assistance (62) in Delaware (DEHLTHSOCASSRGSP), retrieved from FRED.