Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in North Carolina
NCCPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.30
Year-over-Year Change
285.35%
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 North Carolina measures the inflation-adjusted output of the computer systems design industry in the state. This metric is crucial for economists and policymakers to assess the health and competitiveness of the tech 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 tracks the real, volume-based production in the computer systems design industry within North Carolina. It provides a quantitative gauge of the state's technological capabilities and innovative capacity, which are key drivers of economic growth and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index informs policy decisions and private investment related to the tech industry in North Carolina.
Key Facts
- North Carolina is a major tech hub in the U.S.
- The computer systems design industry is a key driver of state GDP.
- This index tracks volume-based output, not just monetary value.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, real output of the computer systems design industry in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health and competitiveness of North Carolina's tech sector, a key driver of the state's economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This index informs policy decisions and private investment related to the tech industry in North Carolina.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update lags of a few months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in North Carolina (NCCPUSYSDSGNQGSP), retrieved from FRED.