Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska
NEDATAWWWNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,532.40
Year-over-Year Change
18.72%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the data processing, hosting, and other information services industry (NAICS 518-519) in the state of Nebraska. It provides insights into the economic output and growth of this important technology sector.
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 Gross Domestic Product (GDP) for Data Processing, Hosting, and Other Information Services (NAICS 518-519) in Nebraska is a key economic indicator that tracks the total value of goods and services produced by this industry within the state. It offers policymakers and analysts a gauge of the health and performance of Nebraska's information technology and digital services economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This GDP data is used by government agencies, economic research institutions, and private sector analysts to assess Nebraska's economic competitiveness and growth potential in the technology services industry.
Key Facts
- Nebraska's data processing and hosting GDP was $1.7 billion in 2021.
- This industry accounts for 2.2% of Nebraska's total economic output.
- GDP in this sector grew by 8.2% in Nebraska from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the data processing, hosting, and other information services industry (NAICS 518-519) in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This GDP data provides insights into the economic output and growth of Nebraska's important technology services sector, which is useful for policymakers, researchers, and industry analysts.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This GDP data is used by government agencies, economic research institutions, and private sector analysts to assess Nebraska's economic competitiveness and growth potential in the technology services industry.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with potential delays of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska (NEDATAWWWNGSP), retrieved from FRED.