Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware
DERENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,781.10
Year-over-Year Change
131.95%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in Delaware. It provides insight 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 Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware series tracks the inflation-adjusted value added by this industry to Delaware's GDP. It is an important indicator for understanding the state's economic composition and the role of the rental and leasing services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for policymakers, economists, and businesses to assess the health and dynamics of Delaware's rental and leasing services industry and its broader economic implications.
Key Facts
- Delaware's rental and leasing services industry accounts for a significant portion of the state's GDP.
- The real GDP of this sector has shown steady growth over the past decade.
- This industry is a key contributor to Delaware's overall economic output and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 trend provides valuable insights into the performance and contribution of Delaware's rental and leasing services sector to the state's overall economic activity, which is useful for policymakers, economists, and businesses.
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: This trend is used by policymakers, economists, and businesses to assess the health and dynamics of Delaware's rental and leasing services industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other GDP-related statistics published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware (DERENTRGSP), retrieved from FRED.