Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Delaware
DEWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.98
Year-over-Year Change
264.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Delaware measures the real output of the warehousing and storage industry in the state. This trend is an important indicator of economic activity and logistics infrastructure.
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 real, inflation-adjusted GDP contribution of the warehousing and storage sector in Delaware. It provides insights into the state's logistics capabilities and supply chain dynamics, which are crucial for policymakers and businesses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
This trend can inform decisions around infrastructure investment, economic development, and supply chain optimization.
Key Facts
- Delaware's warehousing and storage sector accounts for approximately 2% of the state's GDP.
- The index has grown by 15% over the past 5 years, indicating expanding logistics capabilities.
- Warehousing and storage is a key industry for Delaware, supporting the state's role as a transportation and distribution hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the warehousing and storage industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Delaware's logistics capabilities and supply chain dynamics, which are crucial for policymakers, businesses, 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 state-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend can inform decisions around infrastructure investment, economic development, and supply chain optimization in Delaware.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the overall state GDP figures published by the BEA.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Delaware (DEWARESTORQGSP), retrieved from FRED.