Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Missouri
MOCPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.00
Year-over-Year Change
178.15%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Missouri measures the real output of the computer systems design and related services industry in the state. This data is important for economists and policymakers to understand the economic health and growth trends of this key technology 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
This index represents the inflation-adjusted, chain-weighted quantity of goods and services produced by the computer systems design and related services industry in Missouri. It is used to track the real economic output and productivity of this important part of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
This economic indicator is relevant for understanding the technology and innovation dynamics within Missouri's economy and can inform policy decisions around economic development and workforce planning.
Key Facts
- The index uses 2012 as the base year.
- Computer systems design is a fast-growing industry in Missouri.
- This data helps track the state's innovation and technology leadership.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output 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 data is important for understanding the health and growth of Missouri's technology sector, which is a key driver of economic development and innovation in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This economic indicator can inform policy decisions around technology-focused economic development, workforce planning, and support for the computer systems design industry in Missouri.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have some lag time between the reporting period and data release.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Missouri (MOCPUSYSDSGNQGSP), retrieved from FRED.