Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware
DEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.88
Year-over-Year Change
4.67%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware measures the total real economic output of all industries in the state of Delaware. This metric is crucial for economists and policymakers to assess the state's overall economic performance and growth.
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 Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware provides a comprehensive measure of the real, inflation-adjusted gross domestic product (GDP) for the state. It tracks the change in total economic output across all sectors, offering insights into the state's economic health and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is widely used by government agencies, economists, and market analysts to inform policy decisions and investment strategies.
Key Facts
- Delaware's real GDP index was 110.26 in 2021.
- The index has grown by an average of 2.1% annually over the past decade.
- The state's economic output is heavily influenced by industries like finance, healthcare, and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware measures the total real economic output of all industries in the state of Delaware, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Delaware's overall economic performance and growth, informing policy decisions and investment strategies.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by government agencies, economists, and market analysts to inform policy decisions and investment strategies related to Delaware's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware (DEQQGSP), retrieved from FRED.