Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Nebraska
NETRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.83
Year-over-Year Change
-6.18%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Nebraska measures the volume of economic activity in the transportation and warehousing sector in the state. It is an important indicator for understanding regional economic trends and growth.
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 output of the transportation and warehousing industry in Nebraska. It is used by economists and policymakers to assess the health and performance of this key economic sector at the state level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
The transportation and warehousing industry is a crucial component of Nebraska's economy, supporting logistics, distribution, and trade activities.
Key Facts
- Nebraska's transportation and warehousing sector accounts for over 5% of the state's GDP.
- The index uses 2012 as the base year for calculating real GDP.
- Quarterly data is available from 2005 to the present.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of economic output in Nebraska's transportation and warehousing sector.
Q: Why is this trend relevant for users or analysts?
A: The transportation and warehousing industry is a key driver of economic activity in Nebraska, so this index provides important insights into the state's 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 using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health of Nebraska's transportation and logistics sector, which is crucial for supporting the state's broader economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Nebraska (NETRANSWAREQGSP), retrieved from FRED.