Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware
DESECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,454.00
Year-over-Year Change
112.51%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contributed by the securities, commodity contracts, and other financial investments and related activities industry in Delaware. It provides insights into the financial sector's economic impact within 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 DESECCOMINVNGSP series represents the GDP generated by establishments primarily engaged in financial investment activities, such as securities, commodity contracts, and other financial investments. This metric helps analyze the significance of the finance industry in Delaware's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state and industry estimates.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the financial sector's role in Delaware's economy and its contribution to the state's overall economic performance.
Key Facts
- Delaware's GDP from the financial investments industry was $9.5 billion in 2021.
- The financial investments sector accounts for over 20% of Delaware's total GDP.
- This industry has experienced steady growth in Delaware, expanding by 3.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the securities, commodity contracts, and other financial investments and related activities industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic significance of the finance industry within Delaware, helping analysts and policymakers understand the state's economic composition and growth drivers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state and industry estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the financial sector's role in Delaware's economy and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware (DESECCOMINVNGSP), retrieved from FRED.