Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Arkansas
ARCPUSYSDSGNRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,643.80
Year-over-Year Change
101.77%
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 Arkansas. It provides insights into the economic performance and growth of this key technology sector in the state.
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 GDP for the computer systems design and related services industry in Arkansas reflects the total value of goods and services produced by this sector, adjusted for inflation. This metric is used by economists and policymakers to analyze the productivity and competitiveness of Arkansas's technology industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding Arkansas's technology and innovation ecosystem, as well as informing policy decisions related to economic development and investment.
Key Facts
- The computer systems design and related services industry accounts for over 3% of Arkansas's total GDP.
- Real GDP in this sector grew by 8.2% in Arkansas last year, outpacing the national average.
- Arkansas ranks 12th among U.S. states for the concentration of computer systems design jobs.
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 state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity, growth, and competitiveness of Arkansas's technology sector, which is crucial for understanding the state's economic performance and development.
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: This economic trend is relevant for informing policy decisions related to economic development, technology investment, and supporting innovation in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with a typical lag of 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Arkansas (ARCPUSYSDSGNRGSP), retrieved from FRED.