Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Delaware
DESAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.26
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Delaware measures the volume of economic output for this industry in the state. It is a key indicator for understanding trends in the state's mining support sector.
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 the real, inflation-adjusted volume of goods and services produced by establishments engaged in support activities for mining in Delaware. It is used by economists and policymakers to analyze the health and productivity of this industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Trends in this index provide insights into the broader performance of Delaware's mining and natural resource sectors.
Key Facts
- Delaware's mining support sector accounts for over 1% of the state's total GDP.
- This index reached a record high in 2019 before declining due to the COVID-19 pandemic.
- The index has shown volatility over the past decade, reflecting the cyclical nature of the mining industry.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of goods and services produced by establishments engaged in support activities for the mining industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the health and productivity of Delaware's mining support sector, which is an important part of the state's economy.
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 quantity index formula.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to understand the performance of Delaware's mining industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be some lag in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Delaware (DESAMINQGSP), retrieved from FRED.