Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware
DENMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.60
Year-over-Year Change
16.53%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the nonmetallic mineral product manufacturing industry in Delaware. It provides insight into the performance and productivity of this crucial 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 nonmetallic mineral product manufacturing industry encompasses the production of a wide range of materials, such as glass, cement, and ceramics. This data series is an important indicator of economic activity and industrial output in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and economists use this metric to assess the health and competitiveness of Delaware's manufacturing base.
Key Facts
- Delaware is a major producer of glass, ceramics, and other nonmetallic mineral products.
- This industry accounts for a significant portion of the state's GDP and manufacturing employment.
- Trends in this metric can signal changes in demand, productivity, and competitiveness within Delaware's industrial base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for 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 important insights into the performance and productivity of a crucial manufacturing sector in Delaware, which is valuable for policymakers, economists, and market analysts.
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 frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and competitiveness of Delaware's manufacturing base, which informs decisions around economic development, trade, and industrial policy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is derived from comprehensive national economic accounts. Users should check the latest release dates to ensure they have the most current data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware (DENMMPMANRGSP), retrieved from FRED.