Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware
DEMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
9400.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the mining industry, excluding oil and gas, in the state of Delaware. It provides insight into the performance and contribution of this sector to the state'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 Mining (Except Oil and Gas) GDP series tracks the value-added output of industries like metal ore mining, nonmetallic mineral mining, and support activities for mining in Delaware. This metric is used by economists and policymakers to analyze the state's industrial composition and structural changes over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to Delaware's resource extraction and mining activities.
Key Facts
- Delaware's mining GDP accounted for 0.4% of the state's total GDP in 2021.
- The mining industry excluding oil and gas has seen steady growth in Delaware over the past decade.
- Nonmetallic mineral mining is the largest subcategory within Delaware's mining GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the mining industry, excluding oil and gas, in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and contribution of Delaware's mining sector to the state's overall economic activity, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and business strategies related to Delaware's resource extraction and mining activities.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
Related Trends
90% Confidence Interval Upper Bound of Estimate of Median Household Income for Delaware
MHICIUBDE10000A052NCEN
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Delaware
DEPCELRPTSLSGSNPIS
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Delaware
SMS10000004300000001
Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Delaware
DEPRNTQGSP
Number of Identified Exporters to Republic of Korea from Delaware
DEKORA475SCEN
Gross Domestic Product: Accommodation and Food Services (72) in Delaware
DEACCOMDNQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware (DEMINEXOILGASNGSP), retrieved from FRED.