Real Gross Domestic Product: Information (51) in Delaware
DEINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,546.60
Year-over-Year Change
-12.77%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the information industry (sector 51) in the state of Delaware. It provides insight into the performance and growth of this key economic sector in the state.
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 GDP for the information industry in Delaware represents the total economic output of businesses in the information sector, adjusted for inflation. This metric is used to analyze the productivity and competitiveness of Delaware's information economy compared to other states and over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for policymakers, economists, and businesses to understand the dynamics of Delaware's information economy.
Key Facts
- Delaware's information sector accounts for over 10% of its total GDP.
- The information industry in Delaware grew by 4.2% in 2021.
- The COVID-19 pandemic had a modest impact on Delaware's information GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the information industry (sector 51) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of Delaware's information economy, which is a key sector for the state's overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to understand the dynamics of Delaware's information economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be some lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Delaware (DEINFORGSP), retrieved from FRED.