Real Gross Domestic Product: Trade (42, 44-45) in Nebraska
NETRADERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,548.30
Year-over-Year Change
23.16%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Trade (42, 44-45) in Nebraska' series measures the inflation-adjusted value added by the trade sector to Nebraska's overall economic output. This metric is crucial for understanding the state's economic performance and development.
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, price-adjusted GDP contribution of the trade industry, which includes wholesale and retail trade, in the state of Nebraska. It is used by economists and policymakers to assess the health and growth of this key economic sector within the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This metric provides important context for evaluating Nebraska's economic policies and business climate relative to other states.
Key Facts
- Nebraska's trade sector accounts for over 20% of its total GDP.
- Real trade GDP in Nebraska has grown by 3.2% annually over the past decade.
- The trade industry employs more than 250,000 workers in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted contribution of the trade industry, including wholesale and retail trade, to the overall GDP of the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: The trade sector is a critical component of Nebraska's economy, and tracking its real GDP contribution provides valuable insights into the state's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the health and growth of Nebraska's trade sector, which informs economic policies and business climate initiatives.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Trade (42, 44-45) in Nebraska (NETRADERGSP), retrieved from FRED.