Gross Domestic Product: Computer Systems Design and Related Services (5415) in Florida
FLCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,257.80
Year-over-Year Change
190.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the computer systems design and related services industry in Florida. It is an important indicator of the state's technology and innovation 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 Gross Domestic Product: Computer Systems Design and Related Services (5415) in Florida metric tracks the total economic output of businesses engaged in computer systems design, programming, and other technology services within the state. This data is used to analyze the growth and competitiveness of Florida's tech industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in this sector.
Historical Context
Policymakers and economists use this metric to assess the health and trajectory of Florida's technology-focused economy.
Key Facts
- Florida's tech sector accounts for over 5% of the state's GDP.
- Computer systems design GDP in Florida has grown by 20% in the past 5 years.
- The state ranks 4th nationally for concentration of technology jobs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total economic output or gross domestic product (GDP) of the computer systems design and related services industry within the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data is used to assess the health, growth, and competitiveness of Florida's technology sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in this industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to track the performance of Florida's technology-focused economy and inform decisions around economic development, workforce, and innovation policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Florida (FLCPUSYSDSGNNGSP), retrieved from FRED.