Gross Domestic Product: Transportation and Utilities (22, 48-49) in Delaware
DETRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,826.10
Year-over-Year Change
116.91%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the transportation and utilities sectors in the state of Delaware. It provides insights into the importance of these industries to the state's overall economic activity.
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 Gross Domestic Product: Transportation and Utilities (22, 48-49) in Delaware series tracks the value-added output of the transportation and utilities industries within the state's economy. This metric is used by economists and policymakers to understand the role of these sectors in driving economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP reporting.
Historical Context
This trend is relevant for understanding the competitive position of Delaware's transportation and utilities industries and informing economic policies and business strategies.
Key Facts
- Delaware's transportation and utilities sectors account for a significant portion of its overall GDP.
- The trend has shown steady growth in recent years, indicating the importance of these industries to the state's economy.
- Policymakers use this data to inform infrastructure investments and regulatory decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the transportation and utilities sectors in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the competitive position of Delaware's transportation and utilities industries and informing economic policies and business strategies.
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 its regional GDP reporting.
Q: How is this trend used in economic policy?
A: Policymakers use this data to inform infrastructure investments and regulatory decisions affecting the transportation and utilities sectors in Delaware.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revision and update delays common in regional economic reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Delaware (DETRANSUTILNGSP), retrieved from FRED.