Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Massachusetts
MADATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,897.20
Year-over-Year Change
158.38%
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 in Massachusetts. It provides insights into the performance and contribution of this sector to the state's overall economic activity.
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 (GDP) for Data Processing, Hosting, and Other Information Services (NAICS 518-519) in Massachusetts is a key indicator of the productivity and growth of this technology-driven industry within the state's economy. It is used by policymakers, economists, and analysts to assess the competitive position and economic significance of this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend is relevant for understanding the competitive landscape and policy implications within the technology and information services sector in Massachusetts.
Key Facts
- Massachusetts is a leading technology hub in the U.S.
- The data processing and hosting industry is a significant contributor to the state's GDP.
- This trend has shown steady growth over the past decade.
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 in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and economic contribution of the technology and information services sector in Massachusetts, which is important for understanding the state's competitive position and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to assess the competitive landscape and policy implications within the technology and information services sector in Massachusetts.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision policies of the U.S. 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 Massachusetts (MADATAWWWRGSP), retrieved from FRED.