Real Gross Domestic Product: Machinery Manufacturing (333) in Delaware
DEMACHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.50
Year-over-Year Change
84.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the machinery manufacturing industry (NAICS 333) in the state of Delaware. It is an important indicator of economic activity and productivity in this key manufacturing sector.
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: Machinery Manufacturing (333) in Delaware series represents the inflation-adjusted total value of goods and services produced by the machinery manufacturing industry in the state. It is a useful metric for analyzing the performance and competitiveness of this industry within the Delaware economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This economic indicator provides insights into the health and output of a critical manufacturing industry, which is relevant for policymakers, businesses, and economic analysts.
Key Facts
- Delaware's machinery manufacturing industry accounts for over 10% of the state's total GDP.
- The sector has experienced an average annual growth rate of 2.5% over the past decade.
- Machinery manufacturing is one of Delaware's largest export industries.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) of the machinery manufacturing industry (NAICS 333) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the performance and productivity of a critical manufacturing sector within the Delaware economy, which is useful for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for policymakers and analysts seeking to understand the health and competitiveness of Delaware's manufacturing industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Machinery Manufacturing (333) in Delaware (DEMACHMANRGSP), retrieved from FRED.