Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Nebraska
NENDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,322.10
Year-over-Year Change
-8.03%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Nebraska measures the inflation-adjusted value of economic output from the nondurable goods manufacturing sector in the state. This metric is crucial for understanding Nebraska's industrial performance and contribution to the broader 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
This series represents the real (inflation-adjusted) dollar value of goods produced by nondurable manufacturing industries in Nebraska, including food, beverage, and tobacco products, as well as textile, apparel, paper, printing, petroleum, and chemical manufacturing. It is an important indicator of the state's manufacturing competitiveness and economic vitality.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of establishment surveys and other sources.
Historical Context
Policymakers and economists monitor this trend to assess the health and competitiveness of Nebraska's manufacturing sector and guide economic development strategies.
Key Facts
- Nebraska's nondurable manufacturing contributed over $10 billion to state GDP in 2021.
- The sector employs over 50,000 workers in the state.
- Food and chemical manufacturing are the largest nondurable industries in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of economic output from the nondurable goods manufacturing sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Nebraska's industrial performance and the competitiveness of its manufacturing base, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using establishment surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Nebraska's manufacturing sector and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Nebraska (NENDURMANRQGSP), retrieved from FRED.