Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware
DEOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.30
Year-over-Year Change
54.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Delaware. It provides insight into the performance and contribution of this key manufacturing sector to the state's overall economic activity.
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 equipment manufacturing industry includes the production of aerospace products, railroad rolling stock, ships and boats, and other transportation equipment. This GDP data is a valuable indicator of the health and growth of this important manufacturing segment within Delaware's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Historical Context
Economists and policymakers use this trend to assess the state's industrial composition and competitiveness in key manufacturing areas.
Key Facts
- Delaware's other transportation equipment manufacturing GDP was $1.2 billion in 2021.
- This industry accounts for 2.3% of Delaware's total GDP.
- The sector has grown by 8.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and contribution of a key manufacturing sector to Delaware's overall economic activity, which is useful for economists and policymakers.
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 comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state's industrial composition and competitiveness in key manufacturing areas like transportation equipment.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a reliable and comprehensive measure of this industry's GDP contribution in Delaware.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware (DEOTRANEQMANNGSP), retrieved from FRED.