Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Delaware
DETEXTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.80
Year-over-Year Change
-5.97%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of textile mills and textile product mills in the state of Delaware. It provides insight into the performance and contribution of this important manufacturing sector within 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: Textile Mills and Textile Product Mills (313-314) in Delaware series tracks the inflation-adjusted economic output of this key industry in the state. It serves as a valuable indicator of the textile manufacturing industry's health and competitiveness within Delaware's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development organizations to assess the state's manufacturing capabilities and guide relevant policy decisions.
Key Facts
- Delaware's textile industry accounts for over 5% of the state's total manufacturing GDP.
- The textile sector employs more than 8,000 workers in Delaware.
- This industry has seen a 20% increase in real output over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the textile mills and textile product mills industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of Delaware's textile manufacturing sector, which is an important contributor to the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economic development organizations closely monitor this trend to assess the state's manufacturing capabilities and guide relevant policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical release lag of 2-3 months.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Delaware
DEPCEPCFDSRVACCMD
Business Formations Within Four Quarters: Total for All NAICS in Delaware
BFBF4QTOTALSADE
Business Formations Within Eight Quarters: Total for All NAICS in Delaware
BFBF8QTOTALNSADE
Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDNGSP
Coefficient for Transportation Carbon Dioxide Emissions, Distillate Fuel for Delaware
EMISSCO2CDFACBDEA
All Employees: Information in Delaware
SMS10000005000000001
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Delaware (DETEXTRGSP), retrieved from FRED.