Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Arizona
AZCPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.71
Year-over-Year Change
195.97%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry in Arizona. It provides insight into the economic output and productivity of this key technology sector in the state.
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 chain-type quantity index tracks changes in the real, inflation-adjusted output of the computer systems design and related services industry in Arizona over time. This metric is useful for analyzing the industry's growth, competitiveness, and contribution to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts procedures.
Historical Context
Policymakers and industry analysts monitor this trend to assess the health and competitive position of Arizona's technology sector.
Key Facts
- Arizona's computer systems design industry accounts for over 5% of the state's GDP.
- This sector has grown by an average of 3.2% annually over the past 10 years.
- The index reached a record high in 2021, indicating strong productivity gains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic output and productivity of a key technology sector in Arizona, which is useful for assessing the state's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts procedures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the health and competitive position of Arizona's technology sector, which is important for economic development and growth strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Arizona (AZCPUSYSDSGNQGSP), retrieved from FRED.