Gross Domestic Product: Computer Systems Design and Related Services (5415) in Pennsylvania
PACPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,598.40
Year-over-Year Change
77.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the Gross Domestic Product (GDP) of the computer systems design and related services industry in Pennsylvania. It provides insights into the economic activity and productivity of this important 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
The GDP of the computer systems design and related services industry in Pennsylvania reflects the total value of goods and services produced by this sector. It is a key indicator of the economic health and growth potential of this technology-driven industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the performance and competitiveness of Pennsylvania's technology sector.
Key Facts
- Pennsylvania's computer systems design industry accounts for a significant portion of the state's GDP.
- This sector has experienced steady growth in recent years, indicating its importance to the state's economy.
- The performance of this industry is closely watched by policymakers and industry stakeholders.
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 Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and growth potential of a key technology sector within Pennsylvania, which is valuable information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the performance and competitiveness of Pennsylvania's technology sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and data collection methods of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or limitations in geographic or industry coverage.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Pennsylvania (PACPUSYSDSGNNGSP), retrieved from FRED.