Gross Domestic Product: All Industry Total in Nebraska
NENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185,411.00
Year-over-Year Change
80.10%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: All Industry Total in Nebraska measures the total economic output of all industries within the state. This key indicator provides insights into the overall health and performance of Nebraska'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
This metric represents the total value of goods and services produced in Nebraska, encompassing all private and public economic activity. It is a comprehensive measure used by economists and policymakers to analyze economic growth, productivity, and development trends within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reporting.
Historical Context
GDP data is widely used to inform economic and fiscal policies at the state level.
Key Facts
- Nebraska's GDP totaled $160 billion in 2021.
- The state's GDP has grown by an average of 3.2% annually over the past decade.
- Agriculture, manufacturing, and transportation are key industries driving Nebraska's economic output.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: All Industry Total in Nebraska measures the total economic output of all industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and performance of Nebraska's economy, informing economic and fiscal policy decisions.
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 reporting.
Q: How is this trend used in economic policy?
A: GDP data is widely used to inform economic and fiscal policies at the state level, as it reflects the overall productivity and growth of Nebraska's economy.
Q: Are there update delays or limitations?
A: The GDP data for Nebraska is typically released on a quarterly basis, with some lag in availability.
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Citation
U.S. Federal Reserve, Gross Domestic Product: All Industry Total in Nebraska (NENGSP), retrieved from FRED.