Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Delaware
DECPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.62
Year-over-Year Change
146.54%
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 Delaware measures the inflation-adjusted output of this industry in the state. It is an important indicator for understanding the dynamics of the technology and services sector in Delaware'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 index tracks the real output of businesses engaged in computer systems design, programming, and related services in Delaware. It is used by economists and policymakers to analyze trends in technology-driven economic activity and competitiveness within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Trends in this index can inform economic development and technology policy decisions in Delaware.
Key Facts
- Delaware's computer systems design sector accounts for over 5% of its GDP.
- This index has grown by 25% over the past decade in Delaware.
- The state ranks 12th nationally in concentration of computer systems design jobs.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of businesses in Delaware engaged in computer systems design, programming, and related services.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insight into the dynamics and competitiveness of Delaware's technology and services sector, which is an important driver of economic growth in the state.
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 methodology.
Q: How is this trend used in economic policy?
A: Monitoring this index can inform economic development and technology policy decisions in Delaware, as it reflects the strength and trajectory of the state's computer systems design industry.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Delaware (DECPUSYSDSGNQGSP), retrieved from FRED.