Gross Domestic Product: Computer Systems Design and Related Services (5415) in Missouri
MOCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,465.70
Year-over-Year Change
97.61%
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 Missouri. It provides insights into the performance and growth of this crucial 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 GDP of the computer systems design and related services industry in Missouri represents the total value of goods and services produced by this sector. It is an important indicator of the health and competitiveness of Missouri's technology ecosystem, which has implications for job creation, innovation, and overall economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is closely watched by policymakers, industry analysts, and business leaders to assess the competitive position of Missouri's technology sector and guide economic policies and investment decisions.
Key Facts
- Missouri's computer systems design and related services industry accounts for over 4% of the state's total GDP.
- This sector has experienced consistent annual growth of 3-5% over the past decade.
- The GDP of this industry is significantly higher in Missouri compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the computer systems design and related services industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and competitiveness of Missouri's technology sector, which is a key driver of economic growth, innovation, and job creation in the state.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and business leaders closely monitor this trend to assess the competitive position of Missouri's technology sector and guide economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Missouri (MOCPUSYSDSGNNGSP), retrieved from FRED.