Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware
DERENTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,080.60
Year-over-Year Change
175.42%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in Delaware. It provides insights into the performance and contribution of this sector to the state's overall economic activity.
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 DERENTNGSP series tracks the GDP of establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets. This data is used by economists and policymakers to analyze the dynamics and role of the rental and leasing industry within Delaware's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This economic indicator helps inform decisions related to industry regulations, infrastructure investments, and economic development policies in Delaware.
Key Facts
- Delaware's rental and leasing services GDP totaled $2.7 billion in 2021.
- This industry accounts for approximately 3.2% of Delaware's overall GDP.
- The rental and leasing sector has experienced steady growth in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and contribution of the rental and leasing industry to Delaware's overall economic activity, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions related to industry regulations, infrastructure investments, and economic development policies in Delaware.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the broader regional GDP estimates published by the Bureau of Economic Analysis.
Related Trends
Housing Inventory: Median Listing Price Month-Over-Month in Delaware
MEDLISPRIMMDE
All Employees: Other Services in Delaware
SMU10000008000000001A
Real Gross Domestic Product: Social Assistance (624) in Delaware
DESOCASSRGSP
Estimate of People of All Ages in Poverty in Delaware
PEAADE10000A647NCEN
Number of Member Commercial Banks in Delaware
X08CBMBTDE
Chain-Type Quantity Index for Real GDP: Military in Delaware
DEGOVFEDMILQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware (DERENTNGSP), retrieved from FRED.