Real Gross Domestic Product: Support Activities for Mining (213) in Delaware
DESAMINRGSP • 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
The Real Gross Domestic Product: Support Activities for Mining (213) in Delaware measures the inflation-adjusted economic output of the mining support services sector in the state. This metric is a key indicator of activity and investment in the state's energy and natural resource industries.
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 series tracks the real, price-adjusted value added by establishments that support oil, gas, and mining operations in Delaware. It is an important measure of the state's energy and natural resource industry output and can provide insights into economic diversification, capital investment, and broader market trends.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the support activities for mining sector.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of Delaware's energy and natural resource industries.
Key Facts
- Delaware's mining support services GDP was $251 million in 2021.
- This sector accounts for 0.7% of Delaware's total economic output.
- Mining support services GDP has grown by 13% in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted economic output of establishments that provide support services for oil, gas, and mining operations in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the health and activity levels of Delaware's energy and natural resource industries, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the mining support services sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the outlook for Delaware's energy and natural resource industries and to inform decisions around economic development, investment, and diversification.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Support Activities for Mining (213) in Delaware (DESAMINRGSP), retrieved from FRED.