Real Gross Domestic Product: Truck Transportation (484) in Delaware
DETRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257.20
Year-over-Year Change
-0.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) for the truck transportation industry in Delaware. It provides insights into the economic performance and productivity of this critical logistics sector within the state.
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: Truck Transportation (484) in Delaware series represents the inflation-adjusted value added by the truck transportation industry to the state's overall economic output. It is an important indicator of the industry's contribution to Delaware's economic growth and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts utilize this metric to evaluate the health and trajectory of Delaware's freight and logistics infrastructure.
Key Facts
- Delaware's truck transportation industry accounts for a significant portion of the state's GDP.
- This metric has shown steady growth over the past decade, reflecting the industry's importance to the state's economy.
- Monitoring the real GDP of truck transportation helps policymakers assess infrastructure needs and plan for future economic development.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) generated by the truck transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the economic performance and productivity of Delaware's critical logistics sector, which is important for policymakers, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts utilize this metric to evaluate the health and trajectory of Delaware's freight and logistics infrastructure, informing decisions about investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released with a lag, but provides a comprehensive and reliable measure of the truck transportation industry's contribution to Delaware's gross domestic product.
Related Trends
Housing Inventory: Median Listing Price Year-Over-Year in Delaware
MEDLISPRIYYDE
State Government Tax Collections, Total License Taxes in Delaware
DETLLICTAX
Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000003
Pandemic Unemployment Assistance Initial Claims in Delaware
PUAICDE
Residential Carbon Dioxide Emissions, LPG (Fuel Use) for Delaware
EMISSCO2VHLRCBDEA
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Delaware
EMISSCO2VHLACBDEA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Delaware (DETRUCKTRANRGSP), retrieved from FRED.