Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware
DERENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323.21
Year-over-Year Change
131.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware measures the real output of this economic sector in the state.
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 volume of goods and services produced by the rental and leasing industry in Delaware, which includes businesses that rent, lease, or license tangible or intangible assets. It is a key indicator of economic activity in this service-oriented sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of their GDP-by-state estimates.
Historical Context
This metric provides insight into the health and trajectory of Delaware's rental and leasing market, which is relevant for policymakers and businesses.
Key Facts
- Delaware's rental and leasing sector accounts for over 3% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 6.2% decline in this metric in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the rental and leasing services industry in Delaware, including businesses that rent, lease, or license tangible and intangible assets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and trajectory of an important service sector in Delaware's economy, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of their GDP-by-state estimates.
Q: How is this trend used in economic policy?
A: This index can inform policymakers and businesses about the health and growth of Delaware's rental and leasing market, which is an important driver of economic activity in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware
DEPCEHCE
Average Weekly Hours of All Employees: Private Service Providing in Delaware
SMU10000000800000002A
Coefficient for Commercial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Delaware
EMISSCO2CNGCCBDEA
Electric Power Carbon Dioxide Emissions, Petroleum for Delaware
EMISSCO2TOTVECPEDEA
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Delaware
DENMMPMANQGSP
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Delaware
SMU10000003133600001SA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware (DERENTQGSP), retrieved from FRED.