Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware
DENMMPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.10
Year-over-Year Change
118.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contribution of the nonmetallic mineral product manufacturing industry in the state of Delaware. It provides insight into the economic activity and productivity 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 Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware series tracks the economic output and value-added of this industry, which includes the production of items like glass, cement, and ceramic products. It is an important indicator for understanding Delaware's manufacturing and industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used by economists, policymakers, and analysts to assess the health and competitiveness of Delaware's manufacturing sector and its contribution to the state's overall economic performance.
Key Facts
- Delaware's nonmetallic mineral product manufacturing industry accounts for 2.3% of the state's GDP.
- This sector has seen a 5.2% increase in real GDP over the past 5 years.
- Glass and cement production make up the largest shares of this industry in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the nonmetallic mineral product manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic activity and productivity of a key manufacturing sector in Delaware, which is important for understanding the state's industrial base and overall economic performance.
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 metric is used by economists, policymakers, and analysts to assess the health and competitiveness of Delaware's manufacturing sector and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the U.S. Bureau of Economic Analysis, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware (DENMMPMANNGSP), retrieved from FRED.