Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Iowa
IADATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,777.20
Year-over-Year Change
65.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the data processing, hosting, and other information services industry (NAICS 518-519) in the state of Iowa. It is an important indicator of the growth and performance of this technology-driven sector within the state's economy.
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: Data Processing, Hosting, and Other Information Services (518-519) in Iowa series provides a measure of the inflation-adjusted economic output of this key industry in the state. It is used by economists and policymakers to analyze the competitiveness and productivity trends in Iowa's information technology-related sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP estimates.
Historical Context
This industry-level GDP data informs economic development strategies and technology policy decisions in Iowa.
Key Facts
- Iowa's data processing and hosting sector contributed over $2 billion to the state's GDP in 2020.
- This industry has grown by 30% in real terms over the past decade in Iowa.
- The data processing and hosting industry accounts for nearly 2% of Iowa's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the data processing, hosting, and other information services industry (NAICS 518-519) in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP data is relevant for understanding the competitiveness and productivity trends in Iowa's technology-driven sectors, which informs economic development strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This GDP data for Iowa's data processing and hosting industry is used to inform economic development strategies and technology policy decisions in the state.
Q: Are there update delays or limitations?
A: There may be update delays of several months in the release of this state-level GDP data by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Iowa (IADATAWWWRGSP), retrieved from FRED.