Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Delaware
Annual, Not Seasonally Adjusted
DEMINRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
6200.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Annual, Not Seasonally Adjusted' series measures real gross state product (GSP) by industry for the U.S. economy. This key economic indicator provides insights into the growth and structure of state-level 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 DEMINRGSP series tracks real GSP, which is a comprehensive measure of the market value of all final goods and services produced within a state's geographic borders. It is used to analyze economic performance and trends at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Real GSP data is used by policymakers, analysts, and businesses to inform economic and investment decisions.
Key Facts
- Real GSP grew 2.9% in 2021 after a 3.4% decline in 2020.
- California has the largest state economy, accounting for over 14% of U.S. real GSP.
- The finance, insurance, real estate, rental, and leasing industry is the largest contributor to real GSP.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures real gross state product (GSP) by industry for the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Real GSP data provides valuable insights into state-level economic performance and growth, which is crucial for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Real GSP data is used by policymakers, analysts, and businesses to inform economic and investment decisions at the state level.
Q: Are there update delays or limitations?
A: The BEA releases annual real GSP data with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DEMINRGSP), retrieved from FRED.