Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.60
Year-over-Year Change
180.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware measures the economic output of this industry sector in the state. It is an important indicator for understanding the health and growth of Delaware's entertainment and media production 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
This series tracks the total value added to Delaware's GDP by businesses in the motion picture and sound recording industries, which includes film, television, music, and other media production. It provides insight into the performance and contribution of this important economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific economic models and surveys.
Historical Context
Policymakers and industry analysts use this data to gauge the strength and trajectory of Delaware's media production landscape.
Key Facts
- Delaware's motion picture and sound recording industry contributed $531 million to state GDP in 2021.
- This sector has grown by 9.2% annually on average over the past 5 years in Delaware.
- In 2021, motion picture and sound recording accounted for 1.2% of Delaware's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by businesses in the motion picture and sound recording industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and importance of Delaware's media production sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific economic models and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to gauge the strength and trajectory of Delaware's media production landscape, informing decisions around economic development, tax policy, and more.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, but may have a 1-2 quarter delay in publication.
Related Trends
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Delaware
DEWARESTORQGSP
Residential Carbon Dioxide Emissions, Kerosene for Delaware
EMISSCO2VKSRCBDEA
Gross Domestic Product: Natural Resources and Mining (11, 21) in Delaware
DENATRESMINNGSP
Value of Exports to Mexico from Delaware
DEMEXA052SCEN
Real Gross Domestic Product: Retail Trade (44-45) in Delaware
DERETAILRGSP
State Government Tax Collections, Documentary and Stock Transfer Taxes in Delaware
DEDOCUTAX
Citation
U.S. Federal Reserve, Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware (DEMOTPICSNDNGSP), retrieved from FRED.