Real Gross Domestic Product: Construction (23) in Delaware
DECONSTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,648.70
Year-over-Year Change
-1.39%
Date Range
1/1/2006 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Construction (23) in Delaware' metric measures the inflation-adjusted value of construction activity in Delaware's economy. This trend provides insight into a key sector's contribution to the state's overall economic growth and performance.
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 data series tracks the real, price-adjusted level of construction-related GDP in Delaware. Construction is a major industry and an important driver of economic activity, so this metric helps analysts and policymakers understand the construction sector's role and trajectory within the broader state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government and private surveys.
Historical Context
Trends in Delaware's construction GDP are closely watched by local and regional economic stakeholders, including government, businesses, and investors.
Key Facts
- Delaware's construction GDP peaked in 2007 at over $3.2 billion.
- The construction sector accounts for approximately 4% of Delaware's total GDP.
- Real construction GDP in Delaware fell sharply during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted value of construction activity in Delaware's economy, providing insight into a key sector's contribution to overall state GDP.
Q: Why is this trend relevant for users or analysts?
A: Trends in Delaware's construction GDP are closely watched by economic stakeholders as an indicator of activity and growth in this important industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government and private surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the construction sector's contribution to Delaware's overall economic performance and development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Construction (23) in Delaware (DECONSTRQGSP), retrieved from FRED.