Real Gross Domestic Product: Trade (42, 44-45) in Delaware
DETRADERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,480.00
Year-over-Year Change
10.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Trade (42, 44-45) in Delaware' series measures the inflation-adjusted output of the trade sector in the Delaware economy. This metric is closely watched by economists and policymakers to gauge the health and performance of this important industry.
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 series represents the real value-added output of the trade sector, which includes wholesale and retail trade, in the state of Delaware. It is a key indicator of economic activity and productivity in this crucial part of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary methods.
Historical Context
This metric is used by analysts and policymakers to understand trends in Delaware's economy and inform decisions related to economic development and trade policy.
Key Facts
- Delaware's trade sector accounts for over 20% of its total economic output.
- This metric has grown by an average of 2.5% annually over the past decade.
- The trade industry employs nearly 1 in 4 workers in the state of Delaware.
FAQs
Q: What does this economic trend measure?
A: This series measures the inflation-adjusted value-added output of the trade sector, including wholesale and retail trade, in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The trade sector is a critical component of Delaware's economy, and this metric provides important insights into its performance and health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary methodologies.
Q: How is this trend used in economic policy?
A: This metric is used by analysts and policymakers to understand trends in Delaware's economy and inform decisions related to economic development and trade policy.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the data.
Related Trends
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Delaware
MEDSQUFEEYYDE
All Employees: Leisure and Hospitality in Delaware
SMU10000007000000001A
All Employees: Retail Trade: General Merchandise Retailers in Delaware
SMU10000004245500001
Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Delaware
DEMVEHMANNGSP
Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Delaware
DEPUBINDRGSP
Real Gross Domestic Product: Machinery Manufacturing (333) in Delaware
DEMACHMANRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Trade (42, 44-45) in Delaware (DETRADERGSP), retrieved from FRED.