Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region
SESTDATAWWWNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,434.60
Year-over-Year Change
182.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region' measures the economic output of the data processing and information services sector in the Southeast region of the United States. This metric is important for understanding the growth and composition of the region'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
This series tracks the real gross domestic product (GDP) contribution of the data processing, hosting, and other information services industry (NAICS codes 518-519) within the Southeast Bureau of Economic Analysis (BEA) region. It provides insight into the scale and trends of this critical technology-driven sector of the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Economists and policymakers use this metric to analyze the Southeast region's economic performance and competitiveness in the information services industry.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The data processing and information services sector accounts for a significant and growing share of GDP in the Southeast region.
- This metric tracks real (inflation-adjusted) GDP, providing a more accurate picture of economic growth over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) contribution of the data processing, hosting, and other information services industry (NAICS codes 518-519) within the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and growth of the information services sector, a critical and dynamic part of the Southeast region's economy. It is used by economists and policymakers to analyze the region's economic performance and competitiveness.
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 its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand the Southeast region's economic composition and growth, which informs policy decisions related to economic development, workforce planning, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as the BEA refines its estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region (SESTDATAWWWNGSP), retrieved from FRED.