Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Delaware
DEMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.64
Year-over-Year Change
-0.77%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Delaware measures the real economic output of the management sector in the state of Delaware. This metric is important for analyzing regional economic trends and the performance of specific industries.
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 index provides a measure of the real, inflation-adjusted value of goods and services produced by management companies and enterprises in Delaware. It is a key indicator for understanding the state's economic conditions and the relative strength of the professional services sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula applied to GDP by industry estimates.
Historical Context
Policymakers and analysts use this index to evaluate the health and growth of Delaware's economy, particularly the management consulting and professional services industries.
Key Facts
- Delaware's management sector accounts for approximately 8% of the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- This metric is one of the most granular regional GDP indicators published by the U.S. government.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Delaware measures the real, inflation-adjusted output of the management consulting and professional services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for understanding the performance and relative importance of Delaware's professional services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula applied to GDP by industry estimates for Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the health and growth of Delaware's economy, particularly the management consulting and professional services industries, which inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may be revisions to previously published estimates as more complete source data becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Delaware (DEMNGCOENTPRQQGSP), retrieved from FRED.