Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Nebraska
NETRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.24
Year-over-Year Change
-2.18%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Nebraska measures the real output of the transportation and utilities sectors in the state's economy. This metric is important for assessing economic performance and productivity in 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
This index tracks the real, inflation-adjusted output of the transportation and utilities sectors in Nebraska's economy. It is a valuable indicator of activity and productivity in the state's critical infrastructure industries, which support a wide range of economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes to measure real GDP at the state level.
Historical Context
Economists and policymakers use this index to monitor trends in Nebraska's transportation and utilities sectors and their broader economic implications.
Key Facts
- The index uses 2012 as the base year.
- The transportation and utilities sectors account for over 10% of Nebraska's GDP.
- The index reached a high of 112.22 in 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the transportation and utilities sectors in Nebraska's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing economic performance and productivity in key infrastructure industries that support a wide range of economic activity in Nebraska.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes to measure real GDP at the state level.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor trends in Nebraska's transportation and utilities sectors and their broader economic implications.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular schedule, but may be subject to revisions and updates over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Nebraska (NETRANSUTILQGSP), retrieved from FRED.