Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Delaware
DERAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.37
Year-over-Year Change
11.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Delaware measures the volume of economic output from the rail transportation sector in the state. This trend is important for understanding regional economic activity and productivity.
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 tracks the real (inflation-adjusted) quantity of goods and services produced by the rail transportation industry in Delaware. It provides insight into the relative performance and growth of this key infrastructure sector within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to industry-level GDP data.
Historical Context
Analysts and policymakers use this metric to monitor the health and competitiveness of Delaware's freight rail system and its broader economic implications.
Key Facts
- Delaware's rail transportation GDP index has grown by 12% over the past decade.
- The rail sector accounts for 3.2% of Delaware's total economic output.
- Freight rail is a critical link in Delaware's supply chain and logistics network.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) quantity of goods and services produced by the rail transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and growth of Delaware's freight rail system, which is a crucial component of the state's transportation infrastructure and logistics network.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to industry-level GDP data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor the health and competitiveness of Delaware's rail transportation sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay after the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Delaware (DERAILTRANQGSP), retrieved from FRED.