Gross Domestic Product: Transportation and Utilities (22, 48-49) in Nebraska
NETRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,036.90
Year-over-Year Change
45.93%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) of the transportation and utilities sectors in the state of Nebraska. It provides insights into the productivity and economic activity of these key infrastructure industries.
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 transportation and utilities GDP series represents the total economic output generated by industries like air transportation, rail transportation, truck transportation, pipeline transportation, and electric power, gas, and water utilities. This metric is used by economists and policymakers to analyze the health and performance of Nebraska's critical logistics and energy systems.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through a comprehensive survey of businesses and government agencies.
Historical Context
Trends in transportation and utilities GDP are closely monitored for their implications on infrastructure investment, energy policy, and overall state economic conditions.
Key Facts
- Nebraska's transportation and utilities GDP was $10.2 billion in 2021.
- This sector accounts for 7.2% of Nebraska's total economic output.
- GDP in this sector has grown by 3.5% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) generated by the transportation and utilities industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and performance of Nebraska's critical infrastructure sectors, which have broad implications for the state's overall economic conditions and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through comprehensive surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Trends in transportation and utilities GDP are closely monitored by policymakers and economists to inform decisions around infrastructure investment, energy policy, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 3-month delay and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Nebraska (NETRANSUTILNGSP), retrieved from FRED.