Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region
SESTDATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,483.70
Year-over-Year Change
241.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region measures the economic output of this industry sector in the Southeastern United States. It provides important insights into the region's digital economy and technology services market.
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 economic indicator tracks the real, inflation-adjusted output of establishments primarily engaged in data processing, hosting, and related information services within the Southeastern United States. It is a key metric for understanding the scale and growth of the region's technology and information services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional gross domestic product estimates.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the Southeastern region's competitiveness in the digital economy.
Key Facts
- The Southeast region accounts for over 20% of U.S. GDP.
- Data processing and hosting services make up about 2% of the Southeast's total economic output.
- This sector has grown by an average of 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real, inflation-adjusted gross domestic product of the data processing, hosting, and information services industry in the Southeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and growth of the technology and digital services sector in the Southeast region, which is a key driver of economic activity 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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the Southeast region's competitiveness in the digital economy and inform decisions around economic development, infrastructure, and workforce policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region (SESTDATAWWWRGSP), retrieved from FRED.