Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
DEAGRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.09
Year-over-Year Change
179.02%
Date Range
1/1/2005 - 10/1/2022
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware measures the volume of economic activity in these sectors. It is a key indicator for understanding the state's broader economic performance and 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 tracks changes in the real (inflation-adjusted) output of Delaware's agriculture, forestry, fishing, and hunting industries. It is a useful metric for evaluating the productivity and growth of these natural resource-based sectors within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula to measure real GDP.
Historical Context
Policymakers and analysts use this index to gauge the health and development of Delaware's natural resource industries and their contribution to the state's overall economic activity.
Key Facts
- Delaware's agriculture, forestry, fishing and hunting sectors account for over 2% of the state's total GDP.
- The index has shown moderate growth over the past decade, reflecting a gradual expansion of these industries.
- Fishing and aquaculture are important components of Delaware's natural resource economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware measures the real, inflation-adjusted output and activity in these natural resource-based sectors within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the productivity and growth of Delaware's agriculture, forestry, fishing, and hunting industries, which are important contributors to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula to measure real GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the health and development of Delaware's natural resource-based sectors and their contribution to the state's overall economic activity.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware (DEAGRQQGSP), retrieved from FRED.