Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Delaware
DERETAILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.90
Year-over-Year Change
38.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Delaware measures the real, inflation-adjusted output of the retail trade sector in the state. This metric is a key indicator of consumer spending and 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
This index tracks changes in the real, volume-adjusted gross domestic product (GDP) for the retail trade industry in Delaware. It is used by economists and policymakers to gauge the overall health and trajectory of the state's consumer-driven economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
Trends in this metric can inform decisions around fiscal and monetary policies that impact consumer demand and business investment.
Key Facts
- The base year for this index is 2012.
- Delaware's retail GDP accounts for around 5% of the state's total economic output.
- The index reached its highest level on record in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the real, inflation-adjusted gross domestic product (GDP) of the retail trade industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insight into the health and trajectory of Delaware's consumer-driven economy, which is crucial for informing economic policymaking and business investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this metric to gauge consumer demand and make informed decisions around fiscal and monetary policies that impact the retail sector and broader economic activity.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Delaware (DERETAILQGSP), retrieved from FRED.