Real Gross Domestic Product: Truck Transportation (484) in Nebraska
NETRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,625.30
Year-over-Year Change
10.73%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Truck Transportation (484) in Nebraska' series measures the output of the truck transportation industry in Nebraska, adjusted for inflation. This metric is important for economists and policymakers to understand trends in a key component of the state's economy.
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, inflation-adjusted gross domestic product (GDP) for the truck transportation industry (NAICS code 484) within the state of Nebraska. It provides insight into the productivity and economic impact of this crucial logistics sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Policymakers and industry analysts monitor this metric to assess the health and competitiveness of Nebraska's transportation and logistics sectors.
Key Facts
- Nebraska's truck transportation industry accounts for over 4% of the state's GDP.
- Trucking GDP in Nebraska grew by 20% from 2010 to 2020.
- The truck transportation sector employs over 30,000 workers in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) of the truck transportation industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the productivity and economic importance of Nebraska's logistics and transportation sectors, which are crucial for the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this metric to assess the health and competitiveness of Nebraska's transportation and logistics sectors, which are important for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Nebraska (NETRUCKTRANRGSP), retrieved from FRED.