Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Wisconsin
WIDATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
292.19
Year-over-Year Change
161.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Wisconsin measures the inflation-adjusted output of this industry 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
This index tracks changes in the real, or inflation-adjusted, value of goods and services produced by data processing, hosting, and information service providers in Wisconsin. It is an important economic indicator for understanding the growth and productivity of this critical technology-driven industry within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and regional economic data.
Historical Context
This index provides insights for policymakers, investors, and analysts seeking to understand trends in Wisconsin's technology and information services sector.
Key Facts
- The index has a base year of 2012.
- This sector accounted for 4.3% of Wisconsin's real GDP in 2021.
- The index reached a high of 126.58 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the data processing, hosting, and other information services industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the growth and productivity of a key technology-driven sector within Wisconsin's economy, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and regional economic data.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and industry analysts to assess the performance and competitiveness of Wisconsin's information services sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a lag of approximately two months after the end of each quarter.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Wisconsin (WIDATAWWWQGSP), retrieved from FRED.