Real Gross Domestic Product: Water Transportation (483) in Delaware
DEWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-10.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the water transportation industry in Delaware. It is an important indicator of the state's maritime economic activity and can inform policy decisions related to infrastructure, trade, and economic development.
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: Water Transportation (483) in Delaware series tracks the inflation-adjusted value added by the water transportation sector to the state's overall economic output. This metric provides insights into the performance and competitiveness of Delaware's maritime industry and its role in the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts monitor this trend to gauge the health and productivity of Delaware's water transportation sector and its contribution to the state's economic growth.
Key Facts
- Delaware's water transportation sector accounts for over 5% of the state's total GDP.
- The water transportation industry in Delaware employs more than 10,000 workers.
- Real GDP in Delaware's water transportation sector has grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the water transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of Delaware's maritime industry, which is a key component of the state's economy.
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: Policymakers and industry analysts use this trend to gauge the health and productivity of Delaware's water transportation sector and inform decisions related to infrastructure, trade, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months. There may also be revisions to historical data over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Delaware (DEWATTRANRGSP), retrieved from FRED.