Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware
DEOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
512.70
Year-over-Year Change
137.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of other transportation and support activities, including transportation services and warehousing, in the state of Delaware. It provides insight into a key sector of the state's 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
The Other Transportation and Support Activities GDP series represents the economic output of a diverse set of transportation-related industries in Delaware, such as couriers, warehousing, and transportation support services. This metric is used by economists and policymakers to analyze the health and trends within Delaware's logistics and distribution-focused industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP accounts.
Historical Context
Tracking this GDP series helps inform decisions around infrastructure investment, economic development, and policies impacting the transportation and logistics sectors in Delaware.
Key Facts
- Delaware's other transportation and support activities GDP was $3.4 billion in 2021.
- This sector accounts for 5.2% of Delaware's total gross domestic product.
- The GDP of this industry in Delaware has grown by 16% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of other transportation and support activities, including transportation services and warehousing, in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking this GDP series provides insight into the health and trends of a key sector of Delaware's economy, helping to inform decisions around infrastructure, economic development, and related policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP accounts.
Q: How is this trend used in economic policy?
A: This GDP series is used by economists and policymakers to analyze the transportation and logistics sectors in Delaware, informing decisions around infrastructure investment and economic development policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 3-6 months after the end of the reference period. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware (DEOTHTRANNGSP), retrieved from FRED.