Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Delaware
DETRADEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.81
Year-over-Year Change
10.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Delaware measures the real output of the trade sector in Delaware's economy. This data is vital for understanding the state's economic performance and the role of trade 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
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Delaware is a measure of the real (inflation-adjusted) output of the trade sector, which includes wholesale and retail trade industries. This index is used to analyze the growth and trends in Delaware's trade-related economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Historical Context
Policymakers and economists use this index to assess the health and performance of Delaware's trade-related industries and their impact on the state's overall economic growth.
Key Facts
- The index is rebased to 2012 = 100.
- Delaware's trade sector accounts for a significant portion of its GDP.
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Delaware measures the real (inflation-adjusted) output of the trade sector in Delaware's economy, including wholesale and retail trade industries.
Q: Why is this trend relevant for users or analysts?
A: This index is vital for understanding the performance and growth of Delaware's trade-related industries and their impact on the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health and performance of Delaware's trade-related industries and their influence on the state's overall economic growth.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Delaware (DETRADEQGSP), retrieved from FRED.