Real Gross Domestic Product: Health Care and Social Assistance (62) in Nebraska
NEHLTHSOCASSRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,304.20
Year-over-Year Change
43.75%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the health care and social assistance sector in Nebraska. It provides insights into the performance and growth of this key 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: Health Care and Social Assistance (62) in Nebraska series tracks the inflation-adjusted economic output of the health care and social assistance industry in the state. This metric is widely used by economists and policymakers to assess the overall health and contribution of this sector to Nebraska's economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is closely monitored by state officials, industry leaders, and analysts to understand the dynamics of Nebraska's health care and social services markets.
Key Facts
- Nebraska's health care and social assistance sector accounts for over 10% of the state's total GDP.
- This industry has experienced steady growth, outpacing the overall state economy in recent years.
- The health care and social assistance sector is a major employer in Nebraska, providing jobs for over 200,000 people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the health care and social assistance sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of a critical industry within Nebraska's economy, helping inform decision-making by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state officials, industry leaders, and analysts to understand the dynamics of Nebraska's health care and social services markets and inform economic policies and investments.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Health Care and Social Assistance (62) in Nebraska (NEHLTHSOCASSRGSP), retrieved from FRED.