Gross Domestic Product: Oil and Gas Extraction (211) in Delaware
DEOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Oil and Gas Extraction (211) in Delaware' measures the economic output of the oil and gas extraction industry in the state of Delaware. This metric is important for understanding the role of the energy sector in Delaware's broader 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
This series represents the gross domestic product (GDP) originating from the oil and gas extraction industry (NAICS code 211) in the state of Delaware. It provides insight into the scale and contribution of this industry to Delaware's overall economic activity.
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 metric to gauge the economic significance of the oil and gas industry in Delaware and to inform energy and industrial policies.
Key Facts
- Delaware's oil and gas GDP was $302 million in 2021.
- The industry accounts for 0.7% of Delaware's total GDP.
- Oil and gas extraction GDP in Delaware has grown by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) originating from the oil and gas extraction industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic significance of the oil and gas industry in Delaware, which is important for understanding the state's broader economic composition and informing relevant policy decisions.
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 metric to gauge the economic importance of the oil and gas industry in Delaware and to inform energy and industrial policies at the state level.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Oil and Gas Extraction (211) in Delaware (DEOILGASNGSP), retrieved from FRED.