Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
185.52%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the motion picture and sound recording industries in the state of Delaware. It provides insight into the economic output and performance of this key creative 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 Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware series tracks the inflation-adjusted economic production of businesses in the film, television, music, and related entertainment industries located within the state. This metric is used by economists and policymakers to analyze regional industry trends and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Monitoring this state-level industry output can inform decisions around economic development, workforce, and infrastructure policies.
Key Facts
- Delaware's motion picture and sound recording GDP was $233 million in 2021.
- This industry sector accounts for 0.8% of Delaware's total economic output.
- Real GDP in this industry has grown by 14% in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the motion picture and sound recording industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking this state-level industry output provides insights into the economic performance and competitiveness of Delaware's creative sectors, which can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Monitoring this industry GDP can help inform state-level policies around economic development, workforce, and infrastructure for the motion picture and sound recording sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware (DEMOTPICSNDRGSP), retrieved from FRED.