Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Delaware
DETRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.64
Year-over-Year Change
85.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Delaware measures the volume of economic activity in this industry. It is a key indicator for analysts monitoring the state's transportation and economic performance.
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 changes in the real (inflation-adjusted) output of the transit and ground passenger transportation sector in Delaware. It is used to assess trends in this industry's contribution to the state's overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Historical Context
Policymakers and businesses rely on this index to gauge the health of Delaware's transportation infrastructure and the broader economy.
Key Facts
- This index is measured relative to 2012 as the base year.
- The transit and ground passenger transportation sector accounts for a small but important part of Delaware's economy.
- Trends in this index can signal changes in consumer demand and business investment in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the transit and ground passenger transportation sector in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the performance and contribution of the transportation industry to Delaware's overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this index to monitor the health of Delaware's transportation infrastructure and the broader state economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the statistical agency, and there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Delaware (DETRANGRNDTRANQGSP), retrieved from FRED.