Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware
DEOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.20
Year-over-Year Change
26.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the other transportation equipment manufacturing industry in Delaware. It provides insights into the performance and growth of this key manufacturing sector within 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 Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware series tracks the inflation-adjusted value added by this industry to the state's overall economic output. It is used by economists and policymakers to analyze industrial productivity and the competitiveness of Delaware's manufacturing capabilities.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and administrative records.
Historical Context
Monitoring this industry-level GDP trend helps inform economic and policy decisions related to transportation manufacturing in Delaware.
Key Facts
- Delaware's other transportation equipment manufacturing industry accounts for over 5% of the state's total GDP.
- Real GDP in this sector has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 7.2% decline in this industry's real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the other transportation equipment manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP metric provides important insights into the performance and competitiveness of a key manufacturing sector within Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Monitoring this transportation equipment manufacturing GDP trend helps inform economic and policy decisions related to this important industry in Delaware.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware (DEOTRANEQMANRGSP), retrieved from FRED.