Real Gross Domestic Product: Warehousing and Storage (493) in Delaware
DEWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
489.70
Year-over-Year Change
264.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the warehousing and storage industry in Delaware. It provides insight into the economic performance and productivity of this key logistics sector.
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: Warehousing and Storage (493) in Delaware series tracks the inflation-adjusted output of the warehousing and storage industry, which plays a vital role in Delaware's economy. This metric helps analysts and policymakers assess the overall health and competitiveness of the state's logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by state and local officials to guide economic development strategies and infrastructure investments.
Key Facts
- Delaware's warehousing and storage industry accounts for over 4% of the state's GDP.
- This sector has seen steady growth of around 3% annually over the past decade.
- The Port of Wilmington is a major driver of warehousing and logistics activity in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the warehousing and storage industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic performance of a crucial logistics sector in Delaware, which is important for assessing the state's overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: State and local officials closely monitor this trend to guide economic development strategies and infrastructure investments related to Delaware's logistics industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in Delaware (DEWARESTORRGSP), retrieved from FRED.