Gross Domestic Product: Computer Systems Design and Related Services (5415) in Idaho
IDCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,367.80
Year-over-Year Change
328.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the computer systems design and related services industry in the state of Idaho. It provides important insights into the performance and growth of this key technology 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 Gross Domestic Product (GDP) for the computer systems design and related services industry in Idaho reflects the total economic output of this sector. It is a valuable indicator of the health and competitiveness of Idaho's technology-driven businesses and can help inform economic policymaking and investment decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP trend is closely monitored by policymakers, industry analysts, and economic development agencies to assess Idaho's competitiveness in the technology services market.
Key Facts
- Idaho's computer systems design GDP reached $2.3 billion in 2020.
- This industry accounts for over 3% of Idaho's total economic output.
- The sector has experienced 7.2% average annual growth since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the computer systems design and related services industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This GDP trend provides important insights into the performance and growth of Idaho's technology services 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: This GDP trend is closely monitored by policymakers, industry analysts, and economic development agencies to assess Idaho's competitiveness in the technology services market.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with some potential for minor delays in reporting.
Related Trends
Business Formations Within Four Quarters: Total for All NAICS in Idaho
BFBF4QTOTALSAID
Gross Domestic Product: Finance and Insurance (52) in Idaho
IDFININSNQGSP
Housing Inventory: Median Days on Market in Idaho
MEDDAYONMARID
Gross Domestic Product: Accommodation and Food Services (72) in Idaho
IDACCOMDNQGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Idaho
EMISSCO2CRFEIBIDA
All Employees: Manufacturing: Non-Durable Goods: Fruit and Vegetable Preserving and Specialty Food Manufacturing in Idaho
SMU16000003231140001SA
Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Idaho (IDCPUSYSDSGNNGSP), retrieved from FRED.