Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware
DESECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,252.80
Year-over-Year Change
21.76%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Delaware. It provides insight into the performance and contribution of this key financial sector to the state's economy.
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 Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware series tracks the inflation-adjusted output of the finance and insurance industry in the state. It is a valuable indicator of the health and growth of this important economic driver for Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the financial industry's contribution to Delaware's overall economic performance.
Key Facts
- Delaware's financial services industry accounts for over 30% of its GDP.
- This trend has shown steady growth over the past decade.
- The securities and investments sector is a key driver of Delaware's economic prosperity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) 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 important insights into the performance and contribution of Delaware's crucial financial services sector, which is a major driver of the state's overall economic growth and prosperity.
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 state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and analysts to assess the financial industry's contribution to Delaware's overall economic performance and to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Economic Analysis's state-level GDP estimates.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware (DESECCOMINVRGSP), retrieved from FRED.