Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Nebraska
NEADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,118.90
Year-over-Year Change
62.53%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the state of Nebraska. It provides valuable insights into the productivity and growth of a critical service 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 GDP data for this industry sector in Nebraska represents the volume of goods and services produced, adjusted for inflation. It is a key metric used by economists and policymakers to analyze the state's economic performance and competitiveness in this service area.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely referenced by state and local governments, as well as businesses, to inform economic development strategies and investment decisions.
Key Facts
- Nebraska's administrative and support services industry accounts for over 5% of the state's total GDP.
- This sector has experienced steady growth of around 3% annually over the past decade.
- The waste management and remediation services subsector makes up about 20% of the overall industry's GDP in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the productivity and growth of a critical service sector within Nebraska's economy, which is useful for economic analysis and policy 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 principles.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by state and local governments, as well as businesses, to inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update delays of 1-2 quarters.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Nebraska (NEADMINWASTRGSP), retrieved from FRED.