Gross Domestic Product: Computer Systems Design and Related Services (5415) in North Carolina
NCCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,079.50
Year-over-Year Change
173.76%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the computer systems design and related services industry in North Carolina. It provides important 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 Gross Domestic Product: Computer Systems Design and Related Services (5415) in North Carolina series tracks the total value of goods and services produced by this industry, which includes software publishing, computer systems design, and related consulting services. This data is used by economists and policymakers to analyze the state's technology industry and overall economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and tax records.
Historical Context
This GDP metric is closely monitored by state and federal officials to inform economic development policies and investments in North Carolina's technology sector.
Key Facts
- North Carolina is a major hub for the computer systems design industry.
- This sector has experienced steady growth in recent years.
- The GDP of computer systems design contributes significantly to North Carolina's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the computer systems design and related services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric provides important insights into the performance and growth of a key technology sector within North Carolina's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using business surveys and tax records.
Q: How is this trend used in economic policy?
A: This GDP metric is closely monitored by state and federal officials to inform economic development policies and investments in North Carolina's technology sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with potential for some update delays due to the complexities of data collection.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in North Carolina (NCCPUSYSDSGNNGSP), retrieved from FRED.