Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Nebraska
NEFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.51
Year-over-Year Change
8.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Nebraska measures the real output of the finance and insurance sector in the state. This key economic indicator provides insights into the performance and productivity of a crucial industry.
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 tracks the real, inflation-adjusted output of the finance and insurance sector in Nebraska. Economists and policymakers use this data to assess the overall health and growth of the state's economy, as the finance and insurance industry is a significant contributor to GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Historical Context
This economic trend is relevant for understanding the state of Nebraska's financial markets and the broader economic conditions affecting businesses and consumers.
Key Facts
- The finance and insurance sector accounts for over 7% of Nebraska's GDP.
- This index uses 2012 as the base year with a value of 100.
- The index has grown by over 10% since 2015, indicating expansion in the sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Nebraska measures the real, inflation-adjusted output of the finance and insurance industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This economic indicator provides insights into the performance and productivity of a crucial industry in Nebraska, which can inform decisions by businesses, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the overall health and growth of Nebraska's economy, as the finance and insurance industry is a significant contributor to the state's GDP.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be a slight delay in the most recent quarter's figures being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Nebraska (NEFININSQQGSP), retrieved from FRED.