Gross Domestic Product: Computer Systems Design and Related Services (5415) in Ohio
OHCPUSYSDSGNNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,797.20
Year-over-Year Change
56.47%
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 Ohio. It provides insight into the performance and contribution of this key technology sector to 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 GDP for computer systems design and related services in Ohio represents the total value of goods and services produced by this industry in the state. It is an important indicator of economic activity and technological innovation within Ohio's information technology landscape.
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
This trend is closely monitored by policymakers, economists, and industry analysts to assess Ohio's competitiveness in the technology services sector.
Key Facts
- Ohio's GDP for computer systems design was over $15 billion in 2021.
- This industry accounts for nearly 3% of Ohio's total economic output.
- The sector has experienced steady growth over the past decade.
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 Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Ohio's technology services sector, which is a key driver of economic activity and innovation 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 established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess Ohio's competitiveness in the technology services sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, but may have a lag of several quarters due to the time required for data collection and processing.
Related Trends
Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Ohio
OHRAILTRANQGSP
Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in Ohio
OHMINEXOILGASRGSP
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Ohio
OHRERENTLEANQGSP
Pandemic Emergency Unemployment Compensation Continued Claims in Ohio
PEUCCCOH
State Tax Collections: T24 Motor Vehicles License for Ohio
QTAXT24QTAXCAT3OHNO
Business Applications from Corporations: Total for All NAICS in Ohio
BACBATOTALSAOH
Citation
U.S. Federal Reserve, Gross Domestic Product: Computer Systems Design and Related Services (5415) in Ohio (OHCPUSYSDSGNNGSP), retrieved from FRED.