Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Delaware
DEPAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.74
Year-over-Year Change
49.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Delaware measures the real output of the paper manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a key sector of the Delaware 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
This index tracks the volume of goods produced by paper manufacturers in Delaware, adjusting for price changes over time. It provides a reliable indicator of the real economic activity in this industry, which is a significant contributor to the state's GDP.
Methodology
The data is collected through surveys of paper manufacturing establishments and calculated using a chain-weighted formula to account for changes in industry composition.
Historical Context
Policymakers and analysts use this index to monitor the performance of Delaware's paper manufacturing sector and make informed decisions about economic development initiatives.
Key Facts
- Delaware is a leading producer of paper products in the U.S.
- Paper manufacturing accounts for over 5% of Delaware's GDP.
- The index has shown steady growth in real output since 2010.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Delaware measures the real output or production volume of the paper manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides an important indicator of the health and productivity of a key sector of the Delaware economy, which is vital information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of paper manufacturing establishments and calculated using a chain-weighted formula to account for changes in industry composition.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the performance of Delaware's paper manufacturing sector and make informed decisions about economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Delaware (DEPAPMANQGSP), retrieved from FRED.