Chain-Type Quantity Index for Real GDP: Military in Delaware
DEGOVFEDMILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.98
Year-over-Year Change
-12.59%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Military in Delaware measures the volume of military output in the state's economy. It is an important indicator for understanding the economic impact of federal defense spending in Delaware.
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) quantity of military production and services within Delaware's gross domestic product. It provides insights into the relative size and growth of the state's defense industry, which is a key part of the local economy.
Methodology
The index is calculated based on data collected by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the broader economic influence of military activity in Delaware.
Key Facts
- Delaware's military economic output accounts for over 10% of its GDP.
- The index has grown by 15% over the past decade.
- Defense contractors are a major employer in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Military in Delaware measures the volume of military production and services within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the economic influence of the military sector in Delaware, which is a key part of the state's GDP and employment.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on data collected on military output in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess the broader economic impacts of military activity and federal defense spending in Delaware.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Military in Delaware (DEGOVFEDMILQGSP), retrieved from FRED.