Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Wisconsin
WICPUSYSDSGNRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,524.20
Year-over-Year Change
226.93%
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 Wisconsin. It provides insight into the productivity 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 Real Gross Domestic Product (GDP) for Computer Systems Design and Related Services (NAICS 5415) in Wisconsin tracks the inflation-adjusted output of this industry. It is an important indicator of technological innovation, investment, and economic competitiveness within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry estimates.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the strength and trajectory of Wisconsin's technology and services sectors.
Key Facts
- Wisconsin's computer systems design sector accounts for over 3% of the state's total GDP.
- This industry has seen average annual growth of 4.2% over the past decade.
- Technology services are a key driver of economic development in many regions of Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) 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 provides important insights into the productivity, competitiveness, and growth trajectory of a key technology sector within Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to assess the strength and trajectory of Wisconsin's technology and services sectors.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months from the end of the reference period.
Related Trends
All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Wisconsin
SMU55000008081300001
All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Wisconsin
SMU55000003133500001A
Gross Domestic Product: Wholesale Trade (42) in Wisconsin
WIWHOLENQGSP
Housing Inventory: Pending Listing Count in Wisconsin
PENLISCOUWI
Gross Domestic Product: Government and Government Enterprises (92) in Wisconsin
WIGOVNQGSP
Value of Exports to Norway from Wisconsin
WINORA052SCEN
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Wisconsin (WICPUSYSDSGNRGSP), retrieved from FRED.