Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware
DEPETCOALMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
603.20
Year-over-Year Change
262.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the state of Delaware. It provides insights into the performance and contribution of this key 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 Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware series represents the total value of goods and services produced by this industry within the state. It is a crucial indicator for understanding the state's industrial composition, competitiveness, and economic diversification.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
This trend is relevant for policymakers, investors, and analysts seeking to assess the health and development of Delaware's manufacturing sector and its impact on the broader state economy.
Key Facts
- Delaware's petroleum and coal products manufacturing industry contributed $1.3 billion to the state's GDP in 2020.
- This sector accounts for approximately 2.5% of Delaware's total economic output.
- The state's petroleum and coal products manufacturing GDP 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 petroleum and coal products manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of Delaware's petroleum and coal products manufacturing sector, which is an important component of the state's overall economic activity and industrial composition.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, investors, and analysts seeking to assess the health and development of Delaware's manufacturing sector and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the BEA, with a typical delay of several months between the end of the reference period and the publication of the data.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware (DEPETCOALMANNGSP), retrieved from FRED.