Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Delaware
DECPUSYSDSGNRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,059.50
Year-over-Year Change
146.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the computer systems design and related services industry in Delaware. It provides insights into the performance and growth of this key technology sector within 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 real GDP for computer systems design and related services in Delaware represents the inflation-adjusted value of economic output from this industry. It is a crucial indicator for understanding the state's technology and innovation ecosystem and its contribution to overall economic activity.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and business leaders use this trend to inform economic development strategies and investment decisions related to Delaware's technology sector.
Key Facts
- Delaware's computer systems design industry accounts for over 5% of the state's total GDP.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
- The real GDP trend reflects the industry's importance to Delaware's innovation and knowledge-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product 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 growth of a key technology sector within Delaware's economy, which is crucial for understanding the state's innovation ecosystem and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this trend to inform economic development strategies and investment decisions related to Delaware's technology sector.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the reporting period and the data release, and the data may be subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Delaware (DECPUSYSDSGNRGSP), retrieved from FRED.