Gross Domestic Product: Wholesale Trade (42) in Delaware
DEWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,842.90
Year-over-Year Change
23.99%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in Delaware measures the total value of wholesale trade activity in the state's economy. It is a key indicator of economic performance and a critical input for policymakers and analysts.
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 metric represents the gross domestic product (GDP) generated by the wholesale trade industry in Delaware. It captures the total sales and production within this sector, which includes businesses that sell goods to other businesses rather than directly to consumers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Historical Context
Wholesale trade data is used to assess the health of Delaware's economy and inform decisions around fiscal, monetary, and industry policies.
Key Facts
- Delaware's wholesale trade sector accounts for over 10% of its total GDP.
- Wholesale trade GDP in Delaware has grown by 15% over the past 5 years.
- The COVID-19 pandemic led to a 7% decline in Delaware's wholesale trade GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total gross domestic product (GDP) generated by the wholesale trade industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade data is a critical indicator of economic performance and a key input for policymakers and analysts looking to assess the health of Delaware'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 a variety of economic surveys and statistical models.
Q: How is this trend used in economic policy?
A: Wholesale trade data is used to inform decisions around fiscal, monetary, and industry policies in Delaware and is closely monitored by economists and government officials.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Delaware (DEWHOLENGSP), retrieved from FRED.