Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Nebraska
NEELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.20
Year-over-Year Change
-5.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing sector in the state of Nebraska. It provides insights into the performance and growth of this key manufacturing industry 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 Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Nebraska series tracks the inflation-adjusted economic output of this manufacturing subsector in the state. It is an important indicator for understanding the health and competitiveness of Nebraska's electrical equipment and appliance production.
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 closely monitored by policymakers, industry analysts, and economic development agencies to assess the state's manufacturing competitiveness and guide relevant policy decisions.
Key Facts
- Nebraska's electrical equipment and appliance manufacturing accounts for over 5% of the state's total GDP.
- This sector has seen steady growth of around 3% annually over the past decade.
- The state is home to major production facilities for several national appliance brands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and competitiveness of a key manufacturing industry within Nebraska's economy, which is important for policymakers, industry analysts, and economic development agencies.
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 closely monitored by policymakers, industry analysts, and economic development agencies to assess the state's manufacturing competitiveness and guide relevant policy 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in Nebraska (NEELCEQAPMANRGSP), retrieved from FRED.