top of page

The following article is provided by the Caesar Rodney Institute, a Delaware-based nonprofit 501(c)(3) public policy research organization.

It comes from a Policy Center Director who works to help Delawareans by providing fact-based analysis in four key areas:

education, energy and environmental policy, the economy and government spending, and health policy.

Output Flat Report

ree

RELEASE: CRI - Center for Economic Policy and Analysis

RE: Output Flat

DATE: 5/9/19

The U.S. Bureau of Economic Analysis has released its Gross State Product (GSP) figures by state for the fourth quarter of 2018 and Delaware continues a lackluster performance.

In inflation adjusted dollars, GSP measures the total output of each state. Over the past three years, 2015Q4 to 2018Q4, total Delaware GSP has retreated -0.4%. Over the same time period gross output across the nation rose 7.5%. GSP in neighboring New Jersey paralleled the nation with a 7.5% increase in output and Pennsylvania came in at 4.9%.

The major Delaware industries that experienced a drop in output over the three year period included finance and insurance (-3.1%), professional, scientific and technical (-11.2%), and nondurable manufacturing (-7.0%). The drop in finance and insurance output tracked with a drop across the nation (-3.6%). Nationally, professional, scientific and technical output rose substantially (12.7%) and nondurable manufacturing rose as well (5.8%).


The major Delaware industries that experienced a gain included health care (6.0%), construction (4.6%) and accommodation and food services (4.3%). Except for accommodation and food services, the output gains by industry in Delaware trailed the gains in those industries nationally.

Delaware’s economy is currently in a holding pattern caused by a culmination of tax increases, mediocre public schools, and high electric prices driven by carbon taxes and the gift of half a billion dollars to Bloom Energy. At this time, there appears to be little political will to address these issues.


John E. Stapleford,

DirectorCenter for Economic Policy and Analysis

 
 
 

Comments

About the Caesar Rodney Institute
The Caesar Rodney Institute (CRI) is a Delaware-based, nonprofit 501(c)(3) research organization. As a nonpartisan public policy think tank, CRI provides fact-based analysis in four key areas: education, energy and environmental policy, the economy and government spending, and health policy.

​

Our mission is to educate and inform Delawareans-including citizens, legislators, and community leaders-on issues that affect quality of life and opportunity.

SUBSCRIBE NOW!

Sign up for our free newsletter and you'll be amongst the first to receive insightful Delaware-focused economic and policy updates.

bottom of page