Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Delaware
DEWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
262.54
Year-over-Year Change
-10.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Delaware measures the real economic output of the water transportation industry in the state. It is a key indicator for economists and policymakers tracking regional economic trends.
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 represents the real (inflation-adjusted) volume of economic activity in the water transportation sector of Delaware's economy. It is used to analyze productivity, competitiveness, and broader economic conditions in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of its regional GDP accounts.
Historical Context
Trends in this index can inform economic and infrastructure policies related to Delaware's maritime industry and logistics networks.
Key Facts
- Delaware's water transportation sector accounts for 4.3% of its total GDP.
- The index has grown at an average annual rate of 2.8% over the past decade.
- The COVID-19 pandemic caused a 6.2% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Delaware measures the real (inflation-adjusted) volume of economic activity in the state's water transportation industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the productivity and competitiveness of Delaware's maritime logistics sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of its regional GDP accounts.
Q: How is this trend used in economic policy?
A: Trends in this index can inform economic and infrastructure policies related to Delaware's water transportation industry and logistics networks.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Delaware (DEWATTRANQGSP), retrieved from FRED.