Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Nebraska
NEARTETRTACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.79
Year-over-Year Change
28.68%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the chain-type quantity index for real GDP in the arts, entertainment, recreation, accommodation, and food services industries in Nebraska. It provides important insights into the economic activity and performance of these key service sectors.
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 chain-type quantity index for real GDP is a measure that tracks changes in the volume of economic output, adjusted for inflation. It is a widely used metric for analyzing industry-level economic trends and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting procedures.
Historical Context
This index is used by economists, policymakers, and industry analysts to monitor the health and growth of Nebraska's service economy.
Key Facts
- The index is set to 100 for the year 2012.
- The service sectors covered account for over 20% of Nebraska's GDP.
- The index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the arts, entertainment, recreation, accommodation, and food services industries in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and growth of key service sectors in the Nebraska economy, which are crucial for understanding overall economic activity and trends.
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 procedures.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and industry analysts to monitor the health and growth of Nebraska's service economy, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with typical update delays of several months.
Related Trends
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Nebraska
SMU31000007072200001SA
All Employees: Retail Trade: Grocery and Convenience Retailers in Nebraska
SMU31000004244510001
Coefficient for Commercial Carbon Dioxide Emissions, LPG (Fuel Use) for Nebraska
EMISSCO2CHLCCBNEA
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Nebraska
NESLGRTAX
Value of Exports to Germany from Nebraska
NEDEUA052SCEN
Industrial Carbon Dioxide Emissions, Natural Gas for Nebraska
EMISSCO2TOTVICNGNEA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Nebraska (NEARTETRTACCFDQGSP), retrieved from FRED.