Gross Domestic Product: Utilities (22) in Delaware
DEUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,597.50
Year-over-Year Change
83.01%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Utilities (22) in Delaware measure the economic output of the utilities sector in the state. This data provides insights into the performance and importance of the utilities industry within the Delaware 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
The Gross Domestic Product: Utilities (22) in Delaware represents the value added by the utilities sector, including electricity, natural gas, water, and sewer services. This metric is a key indicator of economic activity and productivity in a specific industry and geographic region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive economic accounts.
Historical Context
Economists and policymakers use this data to analyze trends in utilities-related economic output and its contribution to overall state GDP.
Key Facts
- Delaware's utilities sector accounted for X% of state GDP in the most recent year.
- Utilities GDP in Delaware has grown/declined by Y% over the past Z years.
- The utilities industry employs approximately W people in the state.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Delaware measures the economic output and value added by the utilities sector, including electricity, natural gas, water, and sewer services, within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and contribution of the utilities industry to Delaware's overall economic activity and growth. It is a key metric used by economists and policymakers to analyze industry-level productivity and its role in the state 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 its comprehensive economic accounts and GDP reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the health and importance of Delaware's utilities sector, inform industry-specific policies, and evaluate the sector's contribution to the state's overall economic performance and growth.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Utilities (22) in Delaware data is published on a quarterly basis by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Delaware (DEUTILNGSP), retrieved from FRED.