Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware
DEOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401.10
Year-over-Year Change
51.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the real gross domestic product (GDP) of the transportation and support activities sector in Delaware, including transportation, warehousing, and related services.
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 Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware tracks the economic output of this key industry in the state. It provides insights into the overall health and productivity of Delaware's transportation and logistics ecosystem.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and guide decisions.
Key Facts
- Delaware's transportation and support activities sector accounts for over 4% of the state's total GDP.
- This industry has seen steady growth of around 2.5% annually over the past decade.
- The transportation and logistics industry is a major employer in Delaware, providing over 25,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of the transportation, warehousing, and related support activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and productivity of Delaware's critical transportation and logistics industry, which is a key driver of the state's economy.
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, economists, and industry analysts closely monitor this metric to assess economic conditions and guide decisions related to infrastructure, workforce, and other factors impacting the transportation sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware (DEOTHTRANRGSP), retrieved from FRED.