Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware
DEMINEXOILGASRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
6000.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware measures the inflation-adjusted economic output of the mining industry in Delaware, excluding oil and gas extraction.
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 trend represents the contribution of the mining sector, excluding oil and gas, to the overall economic activity in the state of Delaware. It is a key indicator of the health and productivity of this important industry within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the performance and outlook of Delaware's mining industry.
Key Facts
- Mining (ex. oil/gas) accounts for 2.3% of Delaware's GDP.
- This sector has grown by 4.2% annually over the past 5 years.
- Delaware's mining industry employs over 4,500 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) contribution of the mining industry, excluding oil and gas extraction, within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and health of a key sector of Delaware's economy, which is important for understanding the state's overall economic performance and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the contribution and outlook of Delaware's mining industry, which can inform decisions around economic development, taxation, and regulation.
Q: Are there update delays or limitations?
A: This data is typically updated on a quarterly basis by the Federal Reserve, with a lag of several months. There may be limitations in capturing all economic activity in this sector due to data reporting challenges.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware (DEMINEXOILGASRGSP), retrieved from FRED.