Gross Domestic Product: Information (51) in Nebraska
NEINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,875.30
Year-over-Year Change
24.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Information (51) in Nebraska series measures the economic output of the information sector in the state. This metric is important for understanding Nebraska's economic composition and assessing the relative strength of its information-related industries.
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 Gross Domestic Product: Information (51) in Nebraska series tracks the total value added by the information sector to the state's overall economic production. This includes industries such as publishing, telecommunications, data processing, and other information-related services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this metric to gauge the health and competitiveness of Nebraska's information economy.
Key Facts
- Nebraska's information sector accounts for over 5% of its total economic output.
- The information industry in Nebraska has grown by 20% over the past decade.
- Data processing and telecommunications are the largest components of Nebraska's information GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Information (51) in Nebraska series measures the total economic output or value added by the information sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the composition and competitiveness of Nebraska's economy, as the information sector is a key driver of economic growth and innovation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and competitiveness of Nebraska's information economy, which can inform decisions around economic development, workforce training, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Economic Analysis, but there may be a 1-2 quarter delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Nebraska (NEINFONQGSP), retrieved from FRED.