Real Gross Domestic Product: Wholesale Trade (42) in Delaware
DEWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,963.30
Year-over-Year Change
-19.14%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the wholesale trade industry in the state of Delaware. It provides insight into the overall economic performance and productivity of this key sector.
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: Wholesale Trade (42) in Delaware series tracks the inflation-adjusted value added by the wholesale trade industry to the state's economy. This metric is used by economists and policymakers to analyze trends in business investment, trade, and broader economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Wholesale trade activity is an important indicator of broader consumer and business demand, making this series relevant for economic forecasting and policy decisions.
Key Facts
- Delaware's wholesale trade sector accounts for approximately 8% of the state's GDP.
- The wholesale trade industry employs over 25,000 workers in Delaware.
- Real GDP for Delaware's wholesale trade has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the wholesale trade industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade sector is a key driver of economic activity, so this metric provides insight into broader business investment, trade, and economic conditions in Delaware.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Wholesale trade activity is an important indicator for economic forecasting and policy decisions, as it reflects broader consumer and business demand.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a short delay in reflecting the most recent economic conditions.
Related Trends
People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Delaware
GCT1503DE
Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Delaware
DECPUSYSDSGNQGSP
Average Weekly Hours of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000002A
Average Hourly Earnings of All Employees: Private Service Providing in Delaware
SMU10000000800000003A
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Delaware
EMISSCO2CLUACBDEA
Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Delaware
DEPLASRUBMANQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Delaware (DEWHOLERGSP), retrieved from FRED.