Gross Domestic Product: Water Transportation (483) in Delaware
DEWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
66.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Water Transportation (483) in Delaware measures the economic output of the water transportation industry in the state. This data point is crucial for understanding the dynamics of Delaware's maritime economy and its role in the broader regional and national transportation systems.
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 economic trend represents the total value of goods and services produced by the water transportation sector in Delaware, including activities such as shipping, port operations, and related logistics. It is a key indicator of the state's competitiveness and integration with global trade networks.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of industry activity.
Historical Context
Policymakers and industry analysts use this trend to evaluate the performance and investment needs of Delaware's maritime infrastructure and logistics capabilities.
Key Facts
- Delaware is a major hub for East Coast maritime trade.
- The water transportation sector accounts for over 5% of the state's GDP.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of the water transportation industry in the state of Delaware, including activities such as shipping, port operations, and related logistics.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the dynamics of Delaware's maritime economy and its role in the broader regional and national transportation systems. It is a key indicator of the state's competitiveness and integration with global trade networks.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of industry activity.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to evaluate the performance and investment needs of Delaware's maritime infrastructure and logistics capabilities.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of several months, and may be subject to revisions as more information becomes available.
Related Trends
Civilian Labor Force for Delaware
CIVLFDE
Per Capita Personal Consumption Expenditures: Goods for Delaware
DEPCEPCG
All Employees: Professional and Business Services in Delaware
DEPBSV
All Employees: Education and Health Services: Health Care and Social Assistance in Delaware
SMU10000006562000001
Average Weekly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000011
All Employees: Other Services in Delaware
DESRVO
Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Delaware (DEWATTRANNGSP), retrieved from FRED.