Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Nebraska
NEOTHSERVEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.15
Year-over-Year Change
8.89%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) in Nebraska measures the volume of economic output from the state's service sector, excluding government activities. This trend is a key indicator of Nebraska's broader economic performance.
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) quantity of economic output from Nebraska's private service industries, such as finance, healthcare, and leisure and hospitality. It provides insights into the service sector's contribution to the state's overall economic growth.
Methodology
The data is calculated based on Bureau of Economic Analysis estimates of real GDP by state and industry.
Historical Context
Policymakers and analysts use this index to assess the health and trajectory of Nebraska's service-oriented economy.
Key Facts
- Nebraska's service sector accounts for over 60% of the state's economic output.
- The chain-type quantity index uses 2012 as the base year.
- This indicator is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the real, inflation-adjusted quantity of economic output from Nebraska's private service industries, excluding government.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical driver of Nebraska's economy, so this index provides valuable insights into the state's broader economic performance and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP by state and industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and trajectory of Nebraska's service-oriented economy, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: This indicator is released quarterly, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Nebraska (NEOTHSERVEQGSP), retrieved from FRED.