Gross Domestic Product: Warehousing and Storage (493) in Delaware
DEWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
708.40
Year-over-Year Change
399.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Warehousing and Storage (493) in Delaware measures the economic output of the warehousing and storage sector in the state. This data is important for analyzing the logistics and supply chain infrastructure of 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
This series represents the total value added to Delaware's gross domestic product by the warehousing and storage industry, which includes businesses that operate warehousing and storage facilities for general merchandise, refrigerated goods, and other products.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
Policymakers and economists use this data to understand the role of logistics and supply chain operations in Delaware's economic performance.
Key Facts
- Delaware's warehousing and storage sector accounts for approximately 2% of the state's total GDP.
- The sector has seen steady growth over the past decade, outpacing the overall state economy.
- Logistics and distribution are critical industries for Delaware, given its strategic location on the East Coast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value added to Delaware's gross domestic product (GDP) by the warehousing and storage industry, including businesses that operate warehousing and storage facilities.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the role of logistics and supply chain operations in Delaware's economic performance, which is a critical sector for the state.
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 estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the importance of the logistics and supply chain industry in Delaware's economy and to inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, with some delay in reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in Delaware (DEWARESTORNGSP), retrieved from FRED.