Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Delaware
Quarterly, Seasonally Adjusted Annual Rate
DEPROBUSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,627.20
Year-over-Year Change
4.16%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' series measures the total value of goods and services produced by the U.S. economy in a given quarter, expressed as an annualized rate. This is a key indicator of overall economic health 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 measure represents the U.S. Gross Domestic Product (GDP), which is the broadest indicator of economic activity. GDP tracks the market value of all final goods and services produced within a country during a specific period. Economists and policymakers closely monitor GDP to assess the strength and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other statistical sources.
Historical Context
GDP figures are essential for informing economic and fiscal policy decisions by the Federal Reserve, Congress, and the White House.
Key Facts
- GDP represents the total value of goods and services produced in the U.S.
- GDP growth is a primary indicator of economic expansion or contraction.
- Quarterly GDP is reported as an annualized rate for easier interpretation.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services produced by the U.S. economy in a given quarter, expressed as an annualized rate. It is the broadest indicator of overall economic activity and performance.
Q: Why is this trend relevant for users or analysts?
A: GDP is a critical metric that helps economists, policymakers, and market participants assess the strength and trajectory of the national economy. It informs decisions around monetary policy, fiscal policy, and business strategy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other statistical sources to measure the total market value of all final goods and services produced within the United States.
Q: How is this trend used in economic policy?
A: GDP figures are essential for informing economic and fiscal policy decisions by the Federal Reserve, Congress, and the White House. Policymakers closely monitor GDP growth to gauge the overall health of the economy and guide their policy actions accordingly.
Q: Are there update delays or limitations?
A: GDP data is released quarterly by the Bureau of Economic Analysis, with an initial 'advance' estimate followed by two subsequent revisions as more complete information becomes available. There is typically a 1-2 month delay between the end of a quarter and the release of the GDP report.
Related Trends
Gross Domestic Product: Mining (Except Oil and Gas) (212) in Delaware
DEMINEXOILGASNGSP
Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware
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Real Gross Domestic Product: Accommodation (721) in Delaware
DEACCOMDRGSP
Housing Inventory: Median Listing Price per Square Feet in Delaware
MEDLISPRIPERSQUFEEDE
Business Formations Within Eight Quarters: Total for All NAICS in Delaware
BFBF8QTOTALNSADE
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Delaware
SMS10000004300000001
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DEPROBUSRQGSP), retrieved from FRED.