Gross Domestic Product: Computer Systems Design and Related Services (5415) in Mississippi
MSCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
819.50
Year-over-Year Change
107.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) contribution of the computer systems design and related services industry in Mississippi. It provides insight into the strength and growth of this key technology sector in 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: Computer Systems Design and Related Services (5415) in Mississippi series tracks the total economic output generated by businesses in this industry, which includes software development, IT consulting, and other computer-related services. This data is used by policymakers and analysts to evaluate the competitiveness and trajectory of Mississippi's tech economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP by industry statistics.
Historical Context
Monitoring this trend helps inform state and local economic development strategies, as well as business investment decisions in Mississippi's technology sector.
Key Facts
- Mississippi's tech sector GDP was $3.1 billion in 2021.
- This industry has grown 24% in the past 5 years.
- Computer systems design accounts for 3.2% of Mississippi's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or Gross Domestic Product (GDP) generated by the computer systems design and related services industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Tracking this trend provides insight into the strength and growth of Mississippi's technology sector, which is an important driver of economic development and competitiveness for 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 as part of their regional GDP by industry statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform state and local economic development strategies, as well as business investment decisions in Mississippi's technology sector.
Q: Are there update delays or limitations?
A: The data is typically released on an annual basis with a delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Mississippi (MSCPUSYSDSGNNGSP), retrieved from FRED.