Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Nebraska
NEGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.94
Year-over-Year Change
5.49%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Nebraska measures the inflation-adjusted output of the government sector in the state.
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
This index tracks the real volume of goods and services produced by state and local government entities in Nebraska, providing insight into the economic activity and fiscal health of the public sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Historical Context
Economists and policymakers use this metric to assess the size and contribution of the government to the overall state economy.
Key Facts
- Nebraska's government sector accounts for around 12% of the state's real GDP.
- The index uses 2012 as the base year with a value of 100.
- This metric excludes federal government activity in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of state and local government entities in Nebraska, tracking the volume of goods and services they produce.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and economic contribution of the public sector in Nebraska, which is important for understanding the state's overall economic health and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes to measure real government output.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the role of government in the Nebraska economy and inform decisions around fiscal policy, budgeting, and public service provision.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Nebraska (NEGOVQQGSP), retrieved from FRED.