Chain-Type Quantity Index for Real GDP: Private Industries in Delaware
DEPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.31
Year-over-Year Change
13.60%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware measures the real economic output of private industries in the state of Delaware. This metric is a key indicator of the state's economic health and productivity.
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 Chain-Type Quantity Index for Real GDP: Private Industries in Delaware is a measure of the inflation-adjusted gross domestic product (GDP) generated by private businesses in the state. It provides insight into the overall growth and performance of Delaware's private sector economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track changes in real economic output over time.
Historical Context
Economists and policymakers use this index to assess the business climate and economic conditions in Delaware, informing decisions around economic development and fiscal policy.
Key Facts
- Delaware's private industries account for over 80% of the state's GDP.
- The index has shown steady growth in Delaware's private sector since the Great Recession.
- Real GDP in Delaware's private industries reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware measures the inflation-adjusted gross domestic product (GDP) generated by private businesses in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into the overall health and performance of Delaware's private sector economy, which is crucial for understanding the state's broader economic conditions and growth trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track changes in real economic output over time.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the business climate and economic conditions in Delaware, informing decisions around economic development, fiscal policy, and other initiatives aimed at supporting the state's private sector.
Q: Are there update delays or limitations?
A: The data is typically published with a few months' delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Industrial Carbon Dioxide Emissions, Industrial Other for Delaware
EMISSCO2VCLICBDEA
All Employees: Goods Producing in Delaware
SMU10000000600000001
Gross Domestic Product: Oil and Gas Extraction (211) in Delaware
DEOILGASNGSP
Value of Exports to Poland from Delaware
DEPOLA052SCEN
Gross Domestic Product: Air Transportation (481) in Delaware
DEAIRTRANNGSP
Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Delaware
DEOTHSERVERQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Delaware (DEPIQGSP), retrieved from FRED.