Gross Domestic Product: Truck Transportation (484) in Delaware
DETRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391.20
Year-over-Year Change
76.45%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in Delaware measures the economic output of the truck transportation industry in the state. This metric is crucial for understanding the health and performance of a key logistics sector within Delaware's economy.
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 inflation-adjusted gross domestic product (GDP) originating from the truck transportation industry (NAICS code 484) in the state of Delaware. Economists and policymakers analyze this trend to gauge the productivity and competitive position of Delaware's logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry estimates.
Historical Context
Truck transportation GDP serves as an important indicator for state-level economic and infrastructure planning.
Key Facts
- Delaware's truck transportation GDP was $1.7 billion in 2021.
- Truck transportation accounts for 3.2% of Delaware's total GDP.
- This industry has grown by 7.5% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) originating from the truck transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Truck transportation GDP is a key indicator of the productivity and competitiveness of Delaware's logistics infrastructure, which is crucial for the state's economy.
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 their state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Truck transportation GDP serves as an important indicator for state-level economic and infrastructure planning, as it reflects the performance of a critical logistics sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 1 year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in Delaware (DETRUCKTRANNGSP), retrieved from FRED.