Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Nebraska
NEOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236.20
Year-over-Year Change
78.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the other transportation equipment manufacturing industry in Nebraska. It provides insights into the economic performance and productivity of this important manufacturing sector.
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 GDP of other transportation equipment manufacturing in Nebraska represents the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the industry's growth, competitiveness, and contribution to the state's economy.
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 closely monitored by policymakers, economists, and industry analysts to assess the health and outlook of Nebraska's manufacturing sector.
Key Facts
- Nebraska's other transportation equipment manufacturing industry accounts for over 5% of the state's total manufacturing GDP.
- This industry has seen steady growth of around 3% per year over the past decade.
- The industry is a major employer in Nebraska, providing over 20,000 high-skilled jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other transportation equipment 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 productivity of an important manufacturing sector in Nebraska, which is closely watched by policymakers, economists, and industry analysts.
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: This trend is used by policymakers, economists, and industry analysts to assess the health and outlook of Nebraska's manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Nebraska (NEOTRANEQMANRGSP), retrieved from FRED.