Real Gross Domestic Product: Information (51) in Delaware
DEINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,594.30
Year-over-Year Change
20.52%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Delaware measures the inflation-adjusted output of the information sector within Delaware's economy. This trend is important for economists and policymakers to understand the performance and contribution of this key industry.
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: Information (51) in Delaware represents the real, inflation-adjusted value added by the information sector, which includes industries like publishing, telecommunications, and data processing. This metric provides insight into the productivity and growth of Delaware's information-based economic activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is useful for analyzing Delaware's economic composition and competitiveness compared to other states.
Key Facts
- Delaware's information sector accounts for approximately 8% of its total GDP.
- The information industry in Delaware has seen steady growth over the past decade.
- Real GDP in Delaware's information sector has outpaced the state's overall economic growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or real gross domestic product (GDP) of the information sector within the state of Delaware's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and growth of Delaware's information-based industries, which is important for understanding the state's economic composition and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and economists to analyze the performance and contribution of Delaware's information sector, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revision and updates can have a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Delaware (DEINFORQGSP), retrieved from FRED.