Gross Domestic Product: Truck Transportation (484) in Nebraska
NETRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,992.60
Year-over-Year Change
97.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in Nebraska measures the economic output of the truck transportation industry in the state. This metric is a key indicator of regional economic activity and transportation infrastructure performance.
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 gross domestic product (GDP) originating in the truck transportation industry (NAICS code 484) within the state of Nebraska. Economists and policymakers use this data to analyze the health and productivity of the state's logistics and supply chain sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level economic accounts and industry output estimates.
Historical Context
Trends in Nebraska's truck transportation GDP provide insights into the state's overall economic performance and the competitiveness of its logistics and distribution sectors.
Key Facts
- Nebraska's truck transportation GDP was $4.2 billion in 2021.
- The sector accounts for 2.5% of the state's total economic output.
- Truck transportation GDP has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) originating in the truck transportation industry within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Trends in Nebraska's truck transportation GDP provide insights into the health and competitiveness of the state's logistics and supply chain sectors, which are crucial for regional economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level economic accounts and industry output estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the performance of Nebraska's transportation infrastructure and logistics industries, which inform decisions around infrastructure investment, economic development, and transportation policy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 12-18 months, so it may not reflect the most recent economic conditions.
Related Trends
Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Nebraska
EMISSCO2VCLEIBNEA
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Nebraska
SMU31000004142400001
All Employees: Financial Activities in Nebraska
SMU31000005500000001A
Average Hourly Earnings of All Employees: Goods Producing in Nebraska
SMU31000000600000003
Real Per Capita Personal Income for Nebraska
NERPIPC
Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Nebraska
NESAMINQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in Nebraska (NETRUCKTRANNGSP), retrieved from FRED.