Gross Domestic Product: Information (51) in Delaware
DEINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,444.30
Year-over-Year Change
-26.42%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the information industry (NAICS 51) in the state of Delaware. It provides insight into the performance and contribution of the information sector to Delaware's overall economic activity.
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 DEINFONGSP series tracks the inflation-adjusted GDP generated by the information industry, which includes businesses engaged in publishing, telecommunications, data processing, and other information-related activities, within the state of Delaware. This data point is valuable for analyzing the strength and competitiveness of Delaware's information economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP estimation techniques.
Historical Context
Policymakers and businesses can use this trend to inform economic development strategies and investment decisions in Delaware's information sector.
Key Facts
- Delaware's information industry accounts for approximately 10% of the state's total GDP.
- The information sector in Delaware has experienced steady growth over the past decade.
- GDP from the information industry in Delaware is higher than the national average for this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the information industry (NAICS 51) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of Delaware's information sector to the state's overall economic activity, which is useful for policymakers and businesses.
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 GDP estimation techniques.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this trend to inform economic development strategies and investment decisions in Delaware's information sector.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and revisions of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or changes to previously reported figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Delaware (DEINFONGSP), retrieved from FRED.