Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska
NEDATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.44
Year-over-Year Change
43.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the data processing, hosting, and other information services industry in Nebraska. It provides insights into the growth and performance of this key 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 chain-type quantity index for real GDP is a measure of the volume of economic output, adjusted for inflation. This metric is used by economists and policymakers to analyze the real, inflation-adjusted growth of specific industries and sectors within a state or region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Historical Context
This trend is relevant for understanding the economic health and competitiveness of Nebraska's data and information services industry.
Key Facts
- Nebraska's data and information services industry accounts for over 4% of the state's GDP.
- The chain-type quantity index for this sector has grown by an average of 2.5% annually over the past decade.
- This industry is a key driver of economic diversification and innovation in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the data processing, hosting, and other information services industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the growth and performance of Nebraska's data and information services sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the competitiveness and growth of Nebraska's information services industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis by the Bureau of Economic Analysis, with a short lag period.
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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 Nebraska (NEDATAWWWQGSP), retrieved from FRED.