Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Delaware
DEPROBUSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,638.40
Year-over-Year Change
15.31%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the professional, scientific, and technical services sector in the state of Delaware. It provides insight into the economic activity and productivity of this important industry.
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 DEPROBUSNQGSP series tracks the real GDP, adjusted for inflation, of the professional, scientific, and technical services industry in Delaware. This metric is used by economists and policymakers to analyze the strength and growth of this high-skilled services sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Historical Context
This GDP metric helps inform decisions around economic policy, business investment, and workforce development in Delaware.
Key Facts
- Delaware's professional services GDP was $8.4 billion in 2021.
- This sector accounts for over 10% of Delaware's total economic output.
- The professional services industry in Delaware has grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the professional, scientific, and technical services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of a key high-skilled services industry within Delaware's economy, informing economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Q: How is this trend used in economic policy?
A: This GDP metric helps inform decisions around economic policy, business investment, and workforce development in Delaware.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Delaware (DEPROBUSNQGSP), retrieved from FRED.