Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Delaware
DEWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.44
Year-over-Year Change
-19.14%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Delaware measures the real output of the wholesale trade sector in the state. This indicator provides important insights into the health and growth of the broader state economy.
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 Chain-Type Quantity Index tracks the volume of goods and services produced by the wholesale trade industry in Delaware, adjusted for inflation. It is a key metric used by economists and policymakers to gauge the performance and trends within this critical economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is closely monitored by state and federal officials to inform economic and trade policy decisions.
Key Facts
- Delaware's wholesale trade sector accounts for over 10% of the state's GDP.
- The Chain-Type Quantity Index uses 2012 as the base year.
- This metric is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Delaware measures the real output of the wholesale trade sector in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and growth of the broader Delaware economy, as the wholesale trade sector is a critical component of the state's GDP.
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 chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This index is closely monitored by state and federal officials to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The metric is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the most recent data.
Related Trends
Personal Consumption Expenditures: Total for Delaware
DEPCE
Total Wages and Salaries in Delaware
DEWTOT
Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware
DEMANQGSP
All Employees: Government: State Government in Delaware
SMU10000009092000001
All Employees: Retail Trade: General Merchandise Retailers in Delaware
SMU10000004245500001
Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Delaware
DEMINRQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Delaware (DEWHOLEQGSP), retrieved from FRED.