Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Wisconsin
WICPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.29
Year-over-Year Change
226.93%
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 Wisconsin measures the inflation-adjusted output of the computer systems design industry in the state. This metric is important for economists and policymakers to understand productivity trends in a key technology 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 real, or inflation-adjusted, output of computer systems design and related services businesses in Wisconsin. It is used to analyze the growth and performance of this crucial industry, which is a driver of technological innovation and productivity in the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level price and quantity information.
Historical Context
Policymakers and industry analysts monitor this index to gauge the health and competitiveness of Wisconsin's technology sector.
Key Facts
- This index has a base year of 2012.
- Wisconsin's computer systems design sector accounts for over 2% of the state's GDP.
- The index has grown by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the computer systems design and related services industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding productivity and growth trends in a key technology sector that drives innovation and economic activity in Wisconsin.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this index to gauge the health and competitiveness of Wisconsin's technology sector, which is crucial for the state's economic growth.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of approximately two months.
Related Trends
All Employees: Retail Trade: Grocery Stores in Wisconsin
SMU55000004244510001A
Number of Mutual Savings Banks in Wisconsin
X08MSBTWI
Gross Domestic Product: Transportation and Warehousing (48-49) in Wisconsin
WITRANSWARENGSP
Earnings by Place of Work in Wisconsin
WIEPLA
Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Wisconsin
WIFABRMETNGSP
Employed Involuntary Part-Time for Wisconsin
INVOLPTEMPWI
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Wisconsin (WICPUSYSDSGNQGSP), retrieved from FRED.