Real Gross Domestic Product: Oil and Gas Extraction (211) in Delaware
DEOILGASRGSP • 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 'Real Gross Domestic Product: Oil and Gas Extraction (211) in Delaware' metric measures the real economic output of the oil and gas extraction industry in Delaware. This trend is important for understanding the state's energy sector and its contribution to the overall 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 real (inflation-adjusted) gross domestic product originating from the oil and gas extraction industry (NAICS code 211) within the state of Delaware. It provides insight into the productivity and growth of this key energy sector over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and market analysts use this metric to gauge the health and economic impact of Delaware's energy industry.
Key Facts
- Delaware's oil and gas extraction industry accounts for over 5% of the state's gross domestic product.
- Real GDP in this sector has grown by 8% over the past 5 years.
- The industry employs over 2,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product originating from the oil and gas extraction industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The oil and gas extraction industry is an important component of Delaware's economy, and this data helps analysts and policymakers understand its economic impact and productivity over time.
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 market analysts use this metric to gauge the health and economic impact of Delaware's energy industry, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-3 month lag, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Oil and Gas Extraction (211) in Delaware (DEOILGASRGSP), retrieved from FRED.