Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Louisiana
LADATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245.43
Year-over-Year Change
223.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Louisiana measures the real output of this industry in the state. It is a key indicator of economic activity and productivity in Louisiana's technology and information services sector.
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 inflation-adjusted value of goods and services produced by establishments engaged in data processing, hosting, and other information services in Louisiana. It is used by economists and policymakers to analyze the performance and trends within this important industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and input-output methodologies.
Historical Context
The index provides insights into the state's technology and information services industry, which is relevant for economic development, investment, and policy decisions.
Key Facts
- The index has a base year of 2012.
- Louisiana's data processing and hosting industry accounts for over 2% of the state's total GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of establishments engaged in data processing, hosting, and other information services in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of Louisiana's technology and information services industry, which is a key driver of economic growth and productivity in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and input-output methodologies.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and industry analysts to monitor the health and development of Louisiana's technology and information services sector, which informs economic development strategies, investment decisions, and policy interventions.
Q: Are there update delays or limitations?
A: The index is updated quarterly, but there may be a delay of several months before the latest data is published.
Related Trends
Real Gross Domestic Product: Insurance Carriers and Related Activities (524) in Louisiana
LAINSCRARGSP
Average Hourly Earnings of All Employees: Professional and Business Services in Louisiana
SMU22000006000000003
All Employees: Administrative and Support and Waste Management and Remediation Services in Louisiana
SMU22000006056000001A
All Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Louisiana
SMU22000003231100001SA
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Louisiana
SMU22000006562300001
Gross Domestic Product: Real Estate (531) in Louisiana
LAREALNGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Louisiana (LADATAWWWQGSP), retrieved from FRED.