Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware
DENDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,942.30
Year-over-Year Change
26.70%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the nondurable goods manufacturing sector in Delaware. It provides insights into the performance and productivity of this important component of 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 trend represents the inflation-adjusted output of the nondurable goods manufacturing industry in the state. This metric is a key indicator of the health and competitiveness of Delaware's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the competitive position and growth prospects of Delaware's nondurable goods manufacturing sector.
Key Facts
- Delaware's nondurable goods manufacturing sector accounts for over 10% of the state's GDP.
- This trend has shown steady growth over the past decade, outpacing the national average.
- The largest nondurable goods industries in Delaware include food, beverage, and chemical manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the nondurable goods manufacturing sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of an important component of Delaware's economy, helping policymakers and analysts assess the state's manufacturing competitiveness.
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: Policymakers and analysts use this trend to evaluate the growth and competitive position of Delaware's nondurable goods manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and revision cycles of the U.S. Bureau of Economic Analysis, with potential lags of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware (DENDURMANRQGSP), retrieved from FRED.