Real Gross Domestic Product: Rail Transportation (482) in Delaware
DERAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.90
Year-over-Year Change
11.86%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the rail transportation industry in the state of Delaware. It provides insight into the performance and contribution of this key transportation sector to Delaware's overall economic activity.
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: Rail Transportation (482) in Delaware series tracks the inflation-adjusted output of the rail transportation industry within the state's economy. This metric is useful for analyzing the relative growth, productivity, and significance of the rail sector compared to other economic activities in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts utilize this trend to monitor the health and competitiveness of Delaware's rail transportation infrastructure and its role in supporting the state's economic development.
Key Facts
- Delaware's rail transportation GDP reached $1.2 billion in 2021.
- Rail GDP accounts for 1.7% of Delaware's total economic output.
- The rail sector has experienced 3.2% average annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the rail transportation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and significance of the rail transportation sector within Delaware's overall economy, which is valuable for policymakers, investors, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this trend to monitor the health and competitiveness of Delaware's rail transportation infrastructure and its role in supporting the state's economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several quarters, and may be subject to periodic revisions by the statistical agency.
Related Trends
Gross Domestic Product: Accommodation and Food Services (72) in Delaware
DEACCOMDNQGSP
Initial Claims in Delaware
DEICLAIMS
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Delaware
EMISSCO2CHLICBDEA
Average Hourly Earnings of All Employees: Goods Producing in Delaware
SMU10000000600000003A
Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware
DEOTRANEQMANNGSP
Gross Domestic Product: Manufacturing (31-33) in Delaware
DEMANNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Delaware (DERAILTRANRGSP), retrieved from FRED.