Gross Domestic Product: Rail Transportation (482) in Delaware
DERAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196.60
Year-over-Year Change
62.35%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Rail Transportation (482) in Delaware measures the economic output of the rail transportation industry in the state. This metric is important for understanding the overall health and performance of Delaware's transportation and logistics sectors.
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 series represents the gross domestic product (GDP) for the rail transportation industry (NAICS code 482) within the state of Delaware. It provides insight into the economic activity and productivity of this key transportation mode at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their state-level GDP estimates.
Historical Context
Policymakers and economists use this rail transportation GDP metric to assess the relative strength and competitiveness of Delaware's logistics infrastructure.
Key Facts
- Delaware's rail transportation GDP was $348 million in 2021.
- Rail GDP accounts for 1.2% of Delaware's total economic output.
- The rail transportation industry employs over 1,000 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the rail transportation industry within the state of Delaware. It provides an indicator of the economic activity and productivity of this key transportation mode.
Q: Why is this trend relevant for users or analysts?
A: This rail transportation GDP metric is relevant for understanding the economic health and competitiveness of Delaware's logistics infrastructure, which is important for policymakers, businesses, and researchers analyzing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this rail transportation GDP metric to assess the relative strength and competitiveness of Delaware's logistics infrastructure, which informs decisions around transportation investment, economic development, and policy priorities.
Q: Are there update delays or limitations?
A: The data is published annually by the BEA, so there may be a 12-18 month delay in the most recent figures being available. Additionally, the state-level GDP data may have some limitations in terms of industry-level detail and geographic granularity.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Delaware (DERAILTRANNGSP), retrieved from FRED.