Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware
DENDURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,819.00
Year-over-Year Change
100.41%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the nondurable goods manufacturing sector in Delaware. It provides insight into the productivity and output of a 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 Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware series tracks the inflation-adjusted value added by nondurable goods manufacturers in the state. This metric is used by economists and policymakers to analyze industrial activity and its contribution to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This trend is relevant for understanding Delaware's manufacturing competitiveness and the state's economic diversification.
Key Facts
- Delaware's nondurable goods manufacturing sector accounts for over 10% of the state's GDP.
- This industry has experienced steady growth in real output over the past decade.
- Nondurable goods manufacturing employs more than 20,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the nondurable goods manufacturing sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and output of a key industry within Delaware's economy, which is useful for economists and policymakers analyzing the state's industrial activity and economic growth.
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: This trend is relevant for understanding Delaware's manufacturing competitiveness and the state's economic diversification, which can inform policymaking decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware (DENDURMANRGSP), retrieved from FRED.