Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware
DEMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238.80
Year-over-Year Change
30.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware measures the economic output of the miscellaneous manufacturing sector in the state. This indicator provides insights into the health and productivity of a key part of Delaware's economy.
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 Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware represents the total value added by the miscellaneous manufacturing industry, which includes a diverse range of products such as medical equipment, office supplies, and sporting goods. This metric is used by economists and policymakers to analyze industrial trends and assess the overall economic performance of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This economic indicator is closely monitored by government agencies, industry associations, and financial analysts to understand the dynamics of Delaware's manufacturing sector and its contribution to the state's economic growth.
Key Facts
- Delaware's miscellaneous manufacturing sector accounts for 2.5% of the state's total GDP.
- The industry has seen an average annual growth rate of 3.2% over the past 10 years.
- Miscellaneous manufacturing contributes $1.8 billion to Delaware's economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware measures the total economic output of the miscellaneous manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and contribution of a key sector within Delaware's economy, which is useful for policymakers, industry leaders, 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 national income and product accounts.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by government agencies, industry associations, and financial analysts to understand the dynamics of Delaware's manufacturing sector and its contribution to the state's economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Delaware (DEMISCMANNGSP), retrieved from FRED.