Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Nebraska
NEMVEHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,147.70
Year-over-Year Change
75.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in Nebraska. It provides valuable insights into the performance and importance of this key manufacturing sector 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: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Nebraska series tracks the inflation-adjusted output of this vital manufacturing industry. It serves as an indicator of economic activity and productivity in this segment of Nebraska's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is useful for policymakers, industry analysts, and businesses to assess the health and competitiveness of Nebraska's motor vehicle manufacturing sector.
Key Facts
- Motor vehicles, bodies and trailers, and parts manufacturing accounts for a significant portion of Nebraska's total manufacturing GDP.
- This industry has experienced periods of growth and decline, reflecting broader economic trends and market conditions.
- Policymakers monitor this metric to gauge the competitiveness and outlook of Nebraska's automotive manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the motor vehicles, bodies and trailers, and parts manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and importance of a key manufacturing sector within Nebraska's economy, which is useful for policymakers, industry analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to gauge the competitiveness and outlook of Nebraska's automotive manufacturing sector, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in slight delays or changes to the reported figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Nebraska (NEMVEHMANRGSP), retrieved from FRED.