Real Gross Domestic Product: Pipeline Transportation (486) in Delaware
DEPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
63.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the pipeline transportation industry in Delaware. It is an important indicator for understanding the state's economic performance and energy infrastructure.
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: Pipeline Transportation (486) in Delaware series tracks the inflation-adjusted output of the pipeline transportation sector, a key component of the state's energy and logistics infrastructure. This data is used by economists and policymakers to assess Delaware's economic conditions and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and industry analysts monitor this trend to gauge the health of Delaware's energy and logistics sectors.
Key Facts
- Delaware's pipeline transportation industry accounts for 1.2% of the state's GDP.
- Real pipeline GDP in Delaware grew by 3.8% in 2021.
- The pipeline transportation sector employs over 800 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the pipeline transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to assess the performance and competitiveness of Delaware's energy and logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to gauge the health of Delaware's energy and logistics sectors, which are crucial for the state's economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in observing the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Delaware (DEPIPETRANRGSP), retrieved from FRED.