Gross Domestic Product: Management of Companies and Enterprises (55) in Delaware
DEMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,077.40
Year-over-Year Change
52.38%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) of the management of companies and enterprises sector in the state of Delaware. It provides valuable insights into the performance and contribution of this key industry 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 Gross Domestic Product: Management of Companies and Enterprises (55) in Delaware series tracks the total output or value-added of the management of companies and enterprises industry in the state. This data is used by economists, policymakers, and businesses to analyze the health and growth of this important sector within Delaware's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using standard GDP accounting methods.
Historical Context
This economic trend is relevant for understanding the role of the management of companies and enterprises industry in Delaware's economic landscape and its potential impact on policy decisions and market conditions.
Key Facts
- Delaware's GDP from the management of companies and enterprises sector was $6.4 billion in 2021.
- This industry accounts for approximately 7% of Delaware's total GDP.
- The management of companies and enterprises sector has experienced steady growth in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the management of companies and enterprises sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the management of companies and enterprises industry to Delaware's overall economic activity, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the role of the management of companies and enterprises industry in Delaware's economic landscape and its potential impact on policy decisions and market conditions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the BEA, but there may be a delay of several months between the end of the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Delaware (DEMNGCOENTPRNGSP), retrieved from FRED.