Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Delaware
DEPRFRMSPRTMSMNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.90
Year-over-Year Change
-5.86%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the performing arts, spectator sports, museums, and related activities sector in Delaware. It provides important insights into the state's cultural and entertainment industries.
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 GDP of the performing arts, spectator sports, museums, and related activities sector in Delaware represents the total economic output of this industry within the state. It is a key indicator of the health and growth of Delaware's cultural and recreational economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is closely watched by policymakers, businesses, and economists to understand the economic dynamics of Delaware's entertainment and cultural sectors.
Key Facts
- Delaware's performing arts, spectator sports, museums, and related activities sector accounted for 1.2% of the state's GDP in 2021.
- This industry experienced a 12.5% decline in GDP during the COVID-19 pandemic in 2020.
- The sector has shown steady growth, with a 9.3% increase in GDP from 2019 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the performing arts, spectator sports, museums, and related activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic health and growth of Delaware's cultural and entertainment industries, which are important contributors 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 its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, businesses, and economists to understand the economic dynamics of Delaware's entertainment and cultural sectors and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more information becomes available.
Related Trends
Leading Index for Delaware
DESLIND
Number of Identified Exporters to Greece from Delaware
DEGRCA475SCEN
Employment Level for Delaware
EMPLOYDE
Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000003
Residential Carbon Dioxide Emissions, Kerosene for Delaware
EMISSCO2VKSRCBDEA
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Delaware
EMISSCO2CLUACBDEA
Citation
U.S. Federal Reserve, Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Delaware (DEPRFRMSPRTMSMNGSP), retrieved from FRED.