Gross Domestic Product: Transportation and Warehousing (48-49) in Delaware
DETRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,315.30
Year-over-Year Change
16.76%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the gross domestic product (GDP) of the transportation and warehousing industry in the state of Delaware. It provides insight into the economic activity and productivity of this crucial 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 transportation and warehousing industry includes businesses involved in the movement of goods and people, as well as the storage and distribution of products. This data series is an important indicator of economic health and infrastructure investment in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
Policymakers and businesses use this data to understand industry trends and support economic development initiatives.
Key Facts
- Delaware's transportation and warehousing GDP was $3.2 billion in 2020.
- This industry accounts for 5.4% of Delaware's total GDP.
- The sector has grown by 2.8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series measures the gross domestic product (GDP) of the transportation and warehousing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic activity and productivity of a crucial industry, allowing policymakers and businesses to understand industry trends and support economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to understand industry trends and support economic development initiatives in Delaware.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the BEA, with some potential for delays due to the complexity of data collection and processing.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Delaware (DETRANSWARENQGSP), retrieved from FRED.