Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware
DESECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.64
Year-over-Year Change
21.76%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware measures the volume of economic output in this sector 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
This index tracks the real, inflation-adjusted production of financial services firms in Delaware, providing insights into the health and growth of this key economic activity. It is a useful indicator for policymakers and analysts studying the financial industry's contribution to the state's overall economic performance.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level data.
Historical Context
This trend is closely watched by economists and financial market participants to assess Delaware's competitiveness in this sector.
Key Facts
- Delaware is a major hub for the U.S. financial services industry.
- This index has grown by over 20% in the past decade.
- The financial sector accounts for nearly 30% of Delaware's GDP.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real, inflation-adjusted production of financial services firms in the state of Delaware, including securities, commodity contracts, and other financial investments.
Q: Why is this trend relevant for users or analysts?
A: The financial services industry is a critical component of Delaware's economy, and this index provides insights into the health and growth of this key sector.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level data.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists and financial market participants to assess Delaware's competitiveness in the financial services industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware (DESECCOMINVQGSP), retrieved from FRED.