Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227.99
Year-over-Year Change
185.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the motion picture and sound recording industries (NAICS 512) in the state of Delaware. It provides insights into the production and economic output of this key sector.
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 chain-type quantity index for real GDP tracks the volume of goods and services produced over time, adjusting for price changes. This helps economists and policymakers analyze the growth and performance of specific industries within a state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Historical Context
This metric is used to inform economic and industry policy decisions at the state and national level.
Key Facts
- This index is based on 2012 as the reference year.
- The motion picture and sound recording industries account for a significant portion of Delaware's GDP.
- The index provides a standardized measure of economic output in this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the motion picture and sound recording industries (NAICS 512) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production and economic output of a key industry within Delaware's economy, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic and industry policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedules of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Delaware (DEMOTPICSNDQGSP), retrieved from FRED.