Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Delaware
DEPRISERVPROQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.61
Year-over-Year Change
8.89%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Delaware measures the output growth of the private services sector in the state's economy. It is a key indicator of economic activity and performance.
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 inflation-adjusted output of private service-providing industries in Delaware, including sectors like finance, healthcare, and transportation. It is used to analyze the health and trends of the state's service economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Historical Context
Policymakers and analysts monitor this index to assess the state's economic conditions and make informed decisions.
Key Facts
- Delaware's private services sector accounts for over 70% of its GDP.
- The index uses 2012 as the base year for measuring real output changes.
- The index has shown steady growth in Delaware's service economy in recent years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Delaware measures the inflation-adjusted output growth of private service-providing industries in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of Delaware's service-based economy, which is a major driver of the state's overall GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the state's economic conditions and make informed decisions about policies and investments.
Q: Are there update delays or limitations?
A: The index data is published quarterly, with a delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Delaware (DEPRISERVPROQGSP), retrieved from FRED.