Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Delaware
DETRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,829.10
Year-over-Year Change
46.21%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) for the transportation and utilities industry in Delaware. It is an important indicator of economic activity and productivity in a key sector.
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: Transportation and Utilities (22, 48-49) in Delaware series tracks the inflation-adjusted economic output of businesses in the transportation and utilities industries within the state. It provides insights into the performance and contribution of this sector to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This metric is widely used by economists, policymakers, and businesses to analyze trends and make informed decisions about investment, regulation, and economic development strategies.
Key Facts
- Delaware's transportation and utilities sector accounts for approximately 6% of the state's total GDP.
- This metric has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 5.2% decline in this sector's real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) for the transportation and utilities industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of a key economic sector in Delaware, which is vital information for policymakers, businesses, and economic analysts.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and businesses to analyze trends and make informed decisions about investment, regulation, and economic development strategies in Delaware.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP-related statistics published by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Delaware (DETRANSUTILRGSP), retrieved from FRED.