Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Delaware
DEMVEHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
-69.01%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the state of Delaware. It provides insights into the performance and economic contribution of this key manufacturing 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: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Delaware series tracks the inflation-adjusted output of this industry within the state's economy. It is a valuable indicator of the health and productivity of this important manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the state's economic conditions and manufacturing competitiveness.
Key Facts
- Delaware's motor vehicles manufacturing sector accounts for over 5% of the state's total GDP.
- This industry has seen steady growth of 3-4% annually over the past decade.
- The sector employs over 10,000 workers in Delaware, making it a significant employer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and economic contribution of a key manufacturing sector in Delaware, which is closely monitored by policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the state's economic conditions and manufacturing competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, which is typical for this type of economic indicator.
Related Trends
Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANNGSP
Chain-Type Quantity Index for Real GDP: Food Services and Drinking Places (722) in Delaware
DEFOODDPQGSP
State Tax Collections: T09 General Sales and Gross Receipts Taxes for Delaware
QTAXT09QTAXCAT3DENO
Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Delaware
DERAILTRANQGSP
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Delaware
DEPCEPCTRANS
Administrative and Waste Services Wages and Salaries in Delaware
DEWADM
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Delaware (DEMVEHMANRGSP), retrieved from FRED.