Gross Domestic Product: Support Activities for Mining (213) in Delaware
DESAMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of support activities for mining in the state of Delaware. It provides insights into the economic performance and significance of the mining industry 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
The GDP of support activities for mining represents the total value of goods and services produced by businesses providing support services to the mining industry in Delaware. This metric is used by economists and policymakers to analyze the state's economic structure, industry composition, and growth trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is relevant for understanding the role of the mining industry in Delaware's economy and informing policy decisions related to economic development and resource management.
Key Facts
- Delaware's GDP from mining support activities was $206 million in 2021.
- Mining support activities account for 0.5% of Delaware's total GDP.
- The mining industry in Delaware has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by support activities for the mining industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic importance and performance of the mining industry in Delaware, which is useful for policymakers 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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the role of the mining industry in Delaware's economy and inform decisions related to economic development and resource management.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Support Activities for Mining (213) in Delaware (DESAMINNGSP), retrieved from FRED.