Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Massachusetts
MACPUSYSDSGNRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,798.90
Year-over-Year Change
165.20%
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 Massachusetts. It is an important indicator of the performance and growth of this key technology sector in the state.
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 Gross Domestic Product: Computer Systems Design and Related Services (5415) in Massachusetts series tracks the inflation-adjusted economic output of firms primarily engaged in computer systems design, custom computer programming, and other related services within the state. This data is used to analyze the technology industry's contribution to the overall Massachusetts economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and market analysts closely monitor this trend to understand the dynamics of Massachusetts' technology and innovation economy.
Key Facts
- Massachusetts is a major technology and innovation hub.
- The computer systems design industry is a key driver of the state's economy.
- This GDP metric tracks the real output of this critical sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the computer systems design and related services industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to analyze the performance and growth of the technology sector's contribution to the overall Massachusetts economy.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand the dynamics of Massachusetts' technology and innovation economy.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Massachusetts (MACPUSYSDSGNRGSP), retrieved from FRED.