Chain-Type Quantity Index for Real GDP: Information (51) in Delaware
DEINFOQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.05
Year-over-Year Change
-12.78%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Delaware measures the real output of the information industry in Delaware. This metric is important for economists and policymakers to understand the state's economic growth and productivity.
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 volume of goods and services produced in the information industry in Delaware, adjusting for price changes over time. It provides a measure of the real, inflation-adjusted economic activity in this key sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and analysts use this index to assess the performance and competitiveness of Delaware's information sector.
Key Facts
- Delaware's information sector accounts for over 9% of its total GDP.
- The index has grown by 23% over the past decade.
- The information industry is a key driver of Delaware's economic growth.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the information industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of a critical sector of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the growth and productivity of Delaware's information industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Delaware (DEINFOQGSP), retrieved from FRED.