Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Delaware
DEOTHSERVERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
978.80
Year-over-Year Change
-1.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the Other Services (Except Government and Government Enterprises) sector in Delaware. It provides insight into the economic performance and growth of this key industry in the state.
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 Other Services (Except Government and Government Enterprises) sector includes industries such as personal care, civic and professional organizations, and equipment and machinery repair. This data series is used by economists and policymakers to analyze the state-level economic conditions and trends within this service-oriented industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is relevant for assessing the overall health and growth of Delaware's service-based economy.
Key Facts
- Delaware's Other Services sector accounts for a significant portion of the state's overall GDP.
- This industry has shown steady growth in recent years, indicating a vibrant service-based economy.
- Tracking the real GDP of this sector provides insights into Delaware's economic diversification and resilience.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the Other Services (Except Government and Government Enterprises) sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the performance and growth of a key service-oriented industry within Delaware's economy, which can inform economic policies and investment 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: This economic indicator is used by policymakers and analysts to assess the overall health and growth of Delaware's service-based economy, which can inform decisions related to economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be delays in the release of this data, as it is dependent on the collection and processing timelines of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Delaware (DEOTHSERVERGSP), retrieved from FRED.