Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Delaware
DEPROBUSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.75
Year-over-Year Change
4.16%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Delaware tracks the volume of economic output for this industry sector in 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
This index measures the real, inflation-adjusted gross domestic product (GDP) contribution of the professional, scientific, and technical services industry in Delaware. It is a valuable indicator of economic activity and productivity trends in this key service sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes over time.
Historical Context
This industry-level GDP metric helps policymakers and analysts assess the health and competitiveness of Delaware's knowledge-based economy.
Key Facts
- Delaware's professional services GDP index has grown by 25% since 2010.
- This sector accounts for over 10% of Delaware's total economic output.
- The state ranks 7th nationally for productivity in professional services.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted gross domestic product (GDP) contribution of the professional, scientific, and technical services industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP metric helps policymakers and analysts assess the health and competitiveness of Delaware's knowledge-based economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes over time.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to monitor the performance and productivity of Delaware's professional services sector, which is a key driver of the state's economy.
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: Professional, Scientific, and Technical Services (54) in Delaware (DEPROBUSQQGSP), retrieved from FRED.