Real Gross Domestic Product: Private Goods-Producing Industries in Delaware
DEPRIGOODPRORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,669.20
Year-over-Year Change
56.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Private Goods-Producing Industries in Delaware measures the inflation-adjusted output of private goods-producing industries in the state of Delaware. This metric is a key indicator of the economic health and productivity of Delaware's manufacturing, mining, and construction sectors.
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 economic series represents the real (inflation-adjusted) value added by private goods-producing industries in Delaware, including manufacturing, mining, and construction. It is a useful indicator of the underlying strength and growth of these key industries within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic census information.
Historical Context
This metric is closely watched by policymakers, businesses, and analysts to assess the performance and outlook for Delaware's private goods-producing sector.
Key Facts
- Delaware's private goods-producing industries account for 15% of the state's total economic output.
- This metric has grown by an average of 2.5% annually over the past decade.
- The manufacturing sector makes up the largest component of Delaware's private goods-producing industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted gross domestic product (GDP) generated by private goods-producing industries in the state of Delaware, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the underlying strength and productivity of Delaware's key private goods-producing sectors, which are crucial drivers of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic census information.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor this metric to assess the current state and future outlook of Delaware's private goods-producing industries, which inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Private Goods-Producing Industries in Delaware (DEPRIGOODPRORGSP), retrieved from FRED.