Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska
NEDATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,751.00
Year-over-Year Change
43.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the data processing, hosting, and other information services industry (NAICS 518-519) in the state of Nebraska. It provides insights into the economic performance 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 Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska metric tracks the inflation-adjusted output of this industry within the state's economy. It is a key indicator of productivity and competitiveness in Nebraska's information technology and digital services sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP by state and industry program.
Historical Context
This economic trend is closely monitored by policymakers, industry analysts, and investors to assess Nebraska's competitiveness in the rapidly evolving information services market.
Key Facts
- Nebraska's data processing and hosting industry accounts for over $1 billion in annual GDP.
- This sector has grown by 20% in real terms over the past decade.
- Information services make up 3.5% of Nebraska's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of Nebraska's data processing, hosting, and other information services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of a key technology sector within Nebraska's economy, which is important for policymakers, investors, 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 as part of their comprehensive GDP by state and industry program.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess Nebraska's competitiveness in the rapidly evolving information services market and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska (NEDATAWWWRGSP), retrieved from FRED.