Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Delaware
DEPRIGOODPROQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.79
Year-over-Year Change
56.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Delaware measures the inflation-adjusted output of the private goods-producing sector in the state. This metric is important for analyzing Delaware's economic performance and guiding policy decisions.
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 tracks the real output of private industries involved in the production of physical goods in Delaware, such as manufacturing, mining, and construction. It provides insights into the health and productivity of the state's crucial goods-producing economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index method to account for changes in the composition and relative prices of goods over time.
Historical Context
Policymakers and analysts use this index to evaluate the state's economic growth, understand industry-level performance, and inform decisions around investment, regulation, and support for the private goods-producing sector.
Key Facts
- The index has a base year of 2012 = 100.
- Delaware's private goods-producing sector accounts for over 20% of the state's GDP.
- This metric helps track the impact of factors like trade, technology, and policy on the state's industrial base.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Delaware measures the inflation-adjusted output of the state's private sector industries involved in manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of Delaware's crucial goods-producing economy, which is a significant driver of the state's overall economic growth.
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 index method to account for changes in the composition and relative prices of goods over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate Delaware's economic growth, understand industry-level performance, and inform decisions around investment, regulation, and support for the private goods-producing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Delaware (DEPRIGOODPROQGSP), retrieved from FRED.