Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Hawaii
HICPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.61
Year-over-Year Change
134.67%
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 Hawaii measures the volume of economic output in this sector. It is a key indicator for understanding the state's technology and professional services industries.
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, inflation-adjusted output of computer systems design and related services firms in Hawaii. It provides insights into the productivity and growth of this economically important sector within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
Policymakers and economists use this index to assess the performance and competitiveness of Hawaii's technology services industry.
Key Facts
- Hawaii's computer systems design sector accounts for over $2 billion in annual GDP.
- This index has grown by an average of 4.2% per year over the past decade.
- The industry employs over 10,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of computer systems design and related services firms in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the productivity and growth of an economically important sector within Hawaii's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the performance and competitiveness of Hawaii's technology services industry.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Hawaii (HICPUSYSDSGNQGSP), retrieved from FRED.