Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Delaware
DEOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.37
Year-over-Year Change
51.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Delaware measures the volume of economic output in this sector, providing insights into the state's transportation and logistics industries.
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 index tracks the real, inflation-adjusted value of economic production in Delaware's other transportation and support activities, including transportation, warehousing, and postal services. It is a key indicator of the state's transportation infrastructure and supply chain activity.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to track real changes in output.
Historical Context
Policymakers and businesses use this index to assess Delaware's economic performance and the health of its transportation sector.
Key Facts
- Delaware's other transportation and support activities account for over 5% of the state's GDP.
- The index has grown by an average of 2.5% annually over the past 10 years.
- The sector employs over 25,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output in Delaware's other transportation and support activities sector, including transportation, warehousing, and postal services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the health and performance of Delaware's transportation infrastructure and supply chain, which are critical components of the state's economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to track real changes in output.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this index to assess Delaware's economic performance and the health of its transportation sector, informing decisions about infrastructure investments and economic development strategies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Delaware (DEOTHTRANQGSP), retrieved from FRED.