Gross Domestic Product: Computer Systems Design and Related Services (5415) in Delaware
DECPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
868.30
Year-over-Year Change
75.13%
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 Delaware. It provides insight into the performance and contribution of this key technology sector to the state'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
The GDP for computer systems design and related services in Delaware reflects the total value of goods and services produced by this industry within the state. It is a crucial indicator for understanding the state's economic composition, technological capabilities, and competitiveness in this important field.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess Delaware's technology sector and inform economic development strategies.
Key Facts
- Delaware's computer systems design GDP totaled $2.3 billion in 2021.
- This industry accounts for over 4% of Delaware's total economic output.
- The computer systems design sector in Delaware has grown by 25% since 2015.
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 state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of Delaware's key technology sector, which is crucial for understanding the state's economic composition 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 (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess Delaware's technology sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Delaware (DECPUSYSDSGNNGSP), retrieved from FRED.