Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Nebraska
NEMOTPICSNDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.76
Year-over-Year Change
68.59%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Nebraska measures the volume of economic output in this sector, providing insights into the state's media and entertainment 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 index tracks changes in the real, inflation-adjusted output of Nebraska's motion picture and sound recording industries, a key component of the state's creative economy. Economists and policymakers use this data to understand broader economic trends and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index.
Historical Context
This metric helps inform state-level economic policy and investment decisions related to Nebraska's media and entertainment sector.
Key Facts
- Nebraska's motion picture and sound recording industries account for over $500 million in annual GDP.
- This sector has grown by 20% in the past decade, outpacing the state's overall economic expansion.
- The index is a valuable indicator of the health and competitiveness of Nebraska's creative industries.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output from Nebraska's motion picture and sound recording industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of Nebraska's creative economy, which is an important driver of statewide growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials in Nebraska use this index to inform decisions related to supporting and investing in the state's media and entertainment industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Nebraska (NEMOTPICSNDQGSP), retrieved from FRED.