Real Gross Domestic Product: Manufacturing (31-33) in Nebraska
NEMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,789.30
Year-over-Year Change
-5.31%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Nebraska measures the inflation-adjusted output of the manufacturing sector in the state of Nebraska. This metric is crucial for economists and policymakers to assess the health and productivity of Nebraska's manufacturing 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
This series represents the real, chained dollar value of goods and services produced by the manufacturing sector in Nebraska, a key component of the state's economy. It is used to track the growth and performance of Nebraska's manufacturing industry over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production data and price indices.
Historical Context
Policymakers and businesses closely monitor this metric to understand trends in Nebraska's manufacturing output and competitiveness.
Key Facts
- Nebraska's manufacturing sector accounts for over 10% of the state's GDP.
- This metric has shown steady growth over the past decade.
- Manufacturing is a major employer in Nebraska, supporting over 100,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted value of goods and services produced by Nebraska's manufacturing sector, including industries like food processing, machinery, and transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and competitiveness of Nebraska's manufacturing industry, which is a vital component of the state's economy. It provides insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production figures and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to monitor the performance of Nebraska's manufacturing sector and inform decisions around workforce development, infrastructure investment, and business incentives.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Federal Reserve with a lag of approximately 2-3 months. There may be revisions to previous estimates as more complete data becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Nebraska (NEMANRQGSP), retrieved from FRED.