Real Gross Domestic Product: Utilities (22) in Delaware
DEUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,252.30
Year-over-Year Change
31.49%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Utilities (22) in Delaware measures the output of the utilities sector in the state, adjusted for inflation. This metric is crucial for analyzing economic performance and productivity in Delaware.
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 real, inflation-adjusted GDP originating from the utilities industry in Delaware. It is an important indicator of the state's economic health and productivity in this key sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates.
Historical Context
Policymakers and economists use this trend to assess the performance and contribution of Delaware's utilities sector to the broader state economy.
Key Facts
- Delaware's utilities sector accounts for about 2% of the state's total GDP.
- Real utilities GDP in Delaware has grown by 15% over the past decade.
- The utilities industry employs over 3,500 workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) originating from the utilities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and productivity of a key industry within Delaware's economy, which is useful for economic analysis and policymaking.
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 comprehensive GDP estimates for states and industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the contribution of Delaware's utilities sector to the broader state economy, informing decisions related to infrastructure, energy policy, and economic development.
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 complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Delaware (DEUTILRGSP), retrieved from FRED.