Chain-Type Quantity Index for Real GDP: Private Industries in Delaware
DEPIQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.67
Year-over-Year Change
4.58%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware measures the inflation-adjusted output of private industries in the state. This metric is crucial for analyzing the overall health and productivity of Delaware's 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 provides a comprehensive measure of the real, inflation-adjusted economic activity generated by private sector businesses in Delaware. It serves as an important indicator for policymakers, analysts, and businesses to understand the state's economic performance and trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula to track changes in the real volume of goods and services produced.
Historical Context
The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware is widely used to inform economic policy decisions and business strategies within the state.
Key Facts
- The index is measured with 2012 as the base year.
- Delaware's private industries account for over 80% of the state's total GDP.
- The index has shown steady growth in recent years, indicating a healthy private sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of private industries in the state of Delaware, providing a comprehensive view of the real economic activity generated by the private sector.
Q: Why is this trend relevant for users or analysts?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware is a crucial indicator for understanding the overall health and productivity of the state's economy, which is essential for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula to track changes in the real volume of goods and services produced by private industries in Delaware.
Q: How is this trend used in economic policy?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Delaware is widely used to inform economic policy decisions and business strategies within the state, as it provides valuable insights into the performance and trends of the private sector.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a short delay to allow for data collection and processing. There may be occasional revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Delaware (DEPIQQGSP), retrieved from FRED.