Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Arkansas
ARCPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.45
Year-over-Year Change
101.75%
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 Arkansas measures the inflation-adjusted output of the computer systems design industry in the state. This metric is important for understanding productivity trends and economic growth in the 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
This index tracks the real, or inflation-adjusted, quantity of goods and services produced by computer systems design and related services businesses in Arkansas. It is used by economists and policymakers to analyze the changing composition and productivity of the state's technology industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to nominal GDP figures.
Historical Context
Changes in this index can inform economic and workforce policies targeting the technology sector in Arkansas.
Key Facts
- The index has a base year of 2012.
- The series began in 1997 and is updated quarterly.
- Arkansas has a significant computer systems design industry.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the computer systems design and related services industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Changes in this index provide insights into the productivity and economic contribution of Arkansas's technology sector.
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 formula applied to nominal GDP figures.
Q: How is this trend used in economic policy?
A: This index can inform policy decisions and workforce development programs targeting the technology industry in Arkansas.
Q: Are there update delays or limitations?
A: The series is updated quarterly, and there may be some delays in the release of the latest data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Arkansas (ARCPUSYSDSGNQGSP), retrieved from FRED.