Gross Domestic Product: Real Estate (531) in Delaware
DEREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,078.20
Year-over-Year Change
50.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Real Estate (531) in Delaware' metric measures the real estate sector's contribution to the state's overall economic output. This trend is a key indicator of the real estate market's health and its impact on Delaware's broader economic 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
The real estate industry, including residential and commercial construction, property management, and related services, is a significant component of Delaware's economy. This data series provides insights into the real estate sector's economic footprint and how it evolves over time compared to other industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts closely monitor this trend to assess the real estate market's influence on the state's economic growth and development.
Key Facts
- Delaware's real estate sector accounts for approximately 10% of the state's total GDP.
- The real estate industry employs over 30,000 people in Delaware, making it a significant employer.
- The real estate trend has shown steady growth in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real estate sector's contribution to Delaware's gross domestic product (GDP), including residential and commercial construction, property management, and related services.
Q: Why is this trend relevant for users or analysts?
A: The real estate industry is a crucial component of Delaware's economy, and this trend provides insights into the sector's performance and its impact on the state's overall economic growth.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the real estate market's influence on Delaware's economic growth and development, informing decisions on housing, infrastructure, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in Delaware (DEREALNGSP), retrieved from FRED.