Real Gross Domestic Product: Retail Trade (44-45) in Delaware
DERETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,615.60
Year-over-Year Change
28.88%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Retail Trade (44-45) in Delaware' metric tracks the real GDP, or inflation-adjusted economic output, of the retail trade sector in the state of Delaware. This provides insight into the health and growth of the state's consumer-driven economy.
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 economic indicator represents the total value of goods and services produced by the retail trade industry in Delaware, adjusted for inflation. It is a key measure of the sector's economic activity and an important signal of consumer demand and spending patterns within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Delaware's consumer economy and make informed decisions about fiscal, monetary, and regulatory policies.
Key Facts
- Delaware's retail GDP accounts for over 20% of the state's total economic output.
- The retail trade sector employs more than 100,000 workers in Delaware.
- Real retail GDP in Delaware has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures 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: The retail trade sector is a critical component of Delaware's economy, and this trend provides insights into consumer spending patterns and the overall health of the state's consumer-driven economy.
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 frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of Delaware's consumer economy and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Retail Trade (44-45) in Delaware (DERETAILRQGSP), retrieved from FRED.