Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in the District of Columbia
DCCPUSYSDSGNRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,117.10
Year-over-Year Change
123.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the computer systems design and related services industry in the District of Columbia. It provides insights into the economic performance and growth of this key technology sector.
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: Computer Systems Design and Related Services (5415) in the District of Columbia series tracks the inflation-adjusted economic output of the computer systems design industry in the nation's capital. This metric is used by economists and policymakers to analyze productivity, industry trends, and the broader technology sector in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the North American Industry Classification System (NAICS).
Historical Context
This economic indicator is closely monitored by industry analysts, investors, and government officials to gauge the competitiveness and growth prospects of the technology hub in Washington, D.C.
Key Facts
- D.C. is a major technology and innovation hub in the United States.
- The computer systems design industry contributes significantly to the region's GDP.
- This metric tracks inflation-adjusted economic output for the sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the computer systems design and related services industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and growth of a key technology sector in the nation's capital, which is useful for industry analysts, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the North American Industry Classification System (NAICS).
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by government officials to gauge the competitiveness and growth prospects of the technology hub in Washington, D.C.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the data collection and calculation processes by the federal statistical agencies.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in the District of Columbia (DCCPUSYSDSGNRGSP), retrieved from FRED.