Gross Domestic Product: Computer Systems Design and Related Services (5415) in the Southeast BEA Region
SESTCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,026.50
Year-over-Year Change
102.28%
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 the Southeast Bureau of Economic Analysis (BEA) region. This metric is crucial for analyzing the performance and contribution of the technology sector within the regional 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 the Southeast BEA Region tracks the total economic output of businesses involved in computer programming, software development, and other IT services across the Southeastern United States. This data provides insights into the growth and competitiveness of the technology industry in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This economic trend is widely used by policymakers, industry analysts, and regional economic development organizations to inform investment decisions and economic strategies.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The computer systems design and related services industry is a significant contributor to the regional economy, accounting for over $100 billion in GDP.
- This economic trend has shown steady growth over the past decade, reflecting the increasing importance of technology in the Southeastern U.S.
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 Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the technology sector within the regional economy, which is crucial for informing investment decisions and economic strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by policymakers, industry analysts, and regional economic development organizations to inform investment decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the U.S. Bureau of Economic Analysis, which may result in occasional delays or revisions.
Related Trends
Gross Domestic Product: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLENQGSP
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in the Southeast BEA Region
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Real Gross Domestic Product: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLERQGSP
Real Gross Domestic Product: Private Services-Providing Industries in the Southeast BEA Region
SESTPRISERVPRORGSP
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in the Southeast BEA Region (SESTCPUSYSDSGNNGSP), retrieved from FRED.