Gross Domestic Product: Primary Metal Manufacturing (331) in Delaware
DEPRIMETMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.10
Year-over-Year Change
-65.99%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the primary metal manufacturing industry (NAICS 331) in the state of Delaware. It provides insight into the economic performance and production levels of this key manufacturing sector within the state.
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 Gross Domestic Product: Primary Metal Manufacturing (331) in Delaware metric tracks the total economic output of the primary metal manufacturing industry, which includes establishments that smelt and/or refine ferrous and nonferrous metals from ore, pig, or scrap. This data point is a valuable indicator of industrial activity and can inform policy decisions and investment strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the health and competitiveness of Delaware's manufacturing sector.
Key Facts
- Delaware's primary metal manufacturing industry accounted for $XX.X billion in GDP in 20XX.
- This sector represented X.X% of Delaware's total economic output that year.
- Employment in primary metal manufacturing in Delaware has [increased/decreased] by X% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the primary metal manufacturing industry (NAICS 331) in the state of Delaware. It provides insights into the economic performance and production levels of this key manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a valuable indicator of industrial activity and economic conditions in Delaware's manufacturing sector, which can inform policy decisions, investment strategies, and assessments of the state's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the health and competitiveness of Delaware's manufacturing sector, which can inform policy decisions, investment strategies, and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be a [X-month] delay in the release of this data, and the figures are subject to periodic revisions by the collecting agency.
Related Trends
Chain-Type Quantity Index for Real GDP: Accommodation (721) in Delaware
DEACCOMDQGSP
State Government Tax Collections, Taxes Not Elsewhere Classified in Delaware
DENOCLSTAX
All Employees: Information in Delaware
SMS10000005000000001
Unemployed Persons in Delaware
LAUST100000000000004A
Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANQGSP
State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Delaware
DEOTHSLSTAX
Citation
U.S. Federal Reserve, Gross Domestic Product: Primary Metal Manufacturing (331) in Delaware (DEPRIMETMANNGSP), retrieved from FRED.