Real Gross Domestic Product: All Industry Total in Delaware
DERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,652.70
Year-over-Year Change
12.88%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic indicator measures the total real output or value added by all industries in the state of Delaware. It serves as a comprehensive gauge of the state's economic performance and growth.
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
Real Gross Domestic Product (GDP) is a key metric used to track the size and growth of a state's economy. The DERGSP series specifically measures the total real output across all industries in Delaware, adjusted for inflation to enable meaningful comparisons over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level income and production data.
Historical Context
Real GDP in Delaware is closely watched by policymakers, businesses, and investors to assess the health and trajectory of the state's economy.
Key Facts
- Delaware's real GDP was $75.7 billion in 2021.
- The state's economy grew by 3.2% in 2021 after a 2.8% decline in 2020.
- Manufacturing and finance/insurance are Delaware's largest industry sectors.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total real output or value added by all industries in the state of Delaware, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive gauge of a state's economic performance and growth, closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level income and production data.
Q: How is this trend used in economic policy?
A: Real GDP in Delaware is used by policymakers, businesses, and investors to assess the health and trajectory of the state's economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of each quarter.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Delaware
DEPCEPCGAS
Proprietors' Farm Income in Delaware
DEOFAR
Employment Level for Delaware
EMPLOYDE
All Employees: Government: State Government Excluding Education in Delaware
SMU10000009092200001
All Employees: Real Estate and Rental and Leasing in Delaware
SMU10000005553000001A
Total Tax Exemptions for Delaware
TOTEXMDE10A647NCEN
Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Delaware (DERGSP), retrieved from FRED.