Real Gross Domestic Product: Utilities (22) in Nebraska
NEUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,318.90
Year-over-Year Change
8.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Utilities (22) in Nebraska measure the real output of the utilities sector in the state. This indicator provides insights into the economic performance and productivity of this key industry.
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: Utilities (22) in Nebraska represents the real, inflation-adjusted output of the utilities industry in the state. It is a valuable indicator for assessing the health and growth of this sector, which includes electricity, natural gas, and water supply companies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to understand the broader economic conditions and investment opportunities in Nebraska.
Key Facts
- Nebraska's utilities sector accounts for approximately 3% of the state's total GDP.
- Real GDP for Nebraska utilities has grown by an average of 2.5% annually over the past decade.
- The utilities industry is a major employer in Nebraska, accounting for over 10,000 jobs statewide.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Utilities (22) in Nebraska measures the real, inflation-adjusted output of the utilities sector in the state, including electricity, natural gas, and water supply companies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of a crucial industry in Nebraska's economy, enabling policymakers and economists to assess economic conditions and make informed decisions.
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 accounting methods.
Q: How is this trend used in economic policy?
A: The Real Gross Domestic Product: Utilities (22) in Nebraska is closely monitored by policymakers, economists, and industry analysts to understand broader economic conditions and investment opportunities in the state.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Nebraska (NEUTILRGSP), retrieved from FRED.