Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Delaware
DETRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.15
Year-over-Year Change
-0.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Delaware measures the real economic output of the truck transportation industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a key logistics 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
This index tracks the volume of goods transported by truck in Delaware, adjusting for price changes to provide a real, inflation-adjusted measure of economic activity. Truck transportation is a vital component of the state's economy, facilitating the movement of raw materials, finished products, and consumer goods.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Trends in this index can inform policies related to infrastructure investment, economic development, and transportation regulations.
Key Facts
- Delaware's truck transportation industry accounts for over 3% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- Truck transportation is the second-largest logistics sector in Delaware after warehousing and storage.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the truck transportation industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the health and productivity of a critical logistics sector in the Delaware economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions related to infrastructure investment, economic development, and transportation regulations.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Delaware (DETRUCKTRANQGSP), retrieved from FRED.