Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware
DENDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,770.30
Year-over-Year Change
26.23%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the nondurable goods manufacturing sector in the state of Delaware. It provides insight into the productivity and output of this key industry within the state's 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
The Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware metric tracks the total economic output of industries like food, beverage, textile, apparel, paper, and chemical manufacturing in the state. It is an important indicator of industrial activity and economic health in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Historical Context
This GDP metric is used by policymakers, analysts, and businesses to assess the performance and competitiveness of Delaware's manufacturing sector.
Key Facts
- Delaware's nondurable goods manufacturing sector accounts for over 10% of the state's total GDP.
- This industry has seen steady growth of around 3% per year over the past decade.
- Chemical manufacturing is the largest component of Delaware's nondurable goods output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) of the nondurable goods manufacturing sector in the state of Delaware, including industries like food, textile, and chemical production.
Q: Why is this trend relevant for users or analysts?
A: This GDP data provides important insights into the productivity, competitiveness, and economic health of Delaware's manufacturing base, which is a key driver of the state's overall 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 a variety of economic surveys and statistical models.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this GDP metric to assess the performance and competitiveness of Delaware's manufacturing sector, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The GDP data is published quarterly with a lag of approximately 3 months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware (DENDURMANNQGSP), retrieved from FRED.