Gross Domestic Product: Pipeline Transportation (486) in Delaware
DEPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
166.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Pipeline Transportation (486) in Delaware trend measures the economic output of the pipeline transportation industry in the state. This metric is important for understanding the health and performance of Delaware's energy infrastructure and logistics sectors.
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 series represents the real gross domestic product (GDP) of the pipeline transportation industry in Delaware, which includes establishments primarily engaged in the pipeline transportation of crude oil, natural gas, refined petroleum products, and other commodities. It is a key indicator of economic activity in this crucial energy and logistics sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry accounts.
Historical Context
Policymakers and industry analysts use this metric to gauge the strength and competitiveness of Delaware's energy and logistics infrastructure.
Key Facts
- Delaware's pipeline transportation industry accounts for over 3% of the state's total GDP.
- Pipeline transportation GDP in Delaware has grown by 25% over the past decade.
- The pipeline industry directly employs over 2,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the pipeline transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and performance of Delaware's energy infrastructure and logistics sectors, which are crucial to 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 as part of their GDP by industry accounts.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to gauge the strength and competitiveness of Delaware's energy and logistics infrastructure, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Delaware (DEPIPETRANNGSP), retrieved from FRED.