Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Louisiana
LACPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.02
Year-over-Year Change
229.95%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry in Louisiana. It provides insights into the economic performance and growth of this important 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 chain-type quantity index for real GDP in the computer systems design and related services industry represents the inflation-adjusted output of this sector in Louisiana. It is a key indicator of productivity and economic activity in this technologically advanced industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the health and competitiveness of Louisiana's technology sector.
Key Facts
- Louisiana's computer systems design sector accounts for over 5% of the state's GDP.
- This index has grown by an average of 3.2% annually over the past decade.
- The COVID-19 pandemic led to a 2.5% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry in Louisiana. It tracks the inflation-adjusted output of this important sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of Louisiana'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 using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the competitiveness and development of Louisiana's technology sector, which informs economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Louisiana (LACPUSYSDSGNQGSP), retrieved from FRED.