Gross Domestic Product: Utilities (22) in Nebraska
NEUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,237.10
Year-over-Year Change
51.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Utilities (22) in Nebraska measures the value added by the utilities industry to the state's overall economic output. This metric is important for understanding Nebraska's economic structure and trends.
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 Gross Domestic Product: Utilities (22) in Nebraska represents the contribution of the utilities sector, which includes electric power, natural gas, water, and sewage treatment, to the state's total gross domestic product. Economists and policymakers use this data to analyze the relative importance of different industries in Nebraska's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This economic trend provides insight into the role of the utilities industry in Nebraska's overall economic performance and can inform policy decisions related to infrastructure, energy, and public services.
Key Facts
- Nebraska's utilities sector accounts for approximately 2% of the state's total GDP.
- Utilities GDP in Nebraska has grown by an average of 3% annually over the past decade.
- The utilities industry is a key employer in Nebraska, accounting for over 10,000 jobs statewide.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Nebraska measures the value added by the utilities industry, including electric power, natural gas, water, and sewage treatment, to the state's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the role and performance of the utilities sector in Nebraska's economy, which is crucial for understanding the state's economic structure and informing policy decisions related to infrastructure, energy, and public services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the relative importance of the utilities industry in Nebraska's economy and to inform decisions related to infrastructure, energy, and public services.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Utilities (22) in Nebraska data is typically updated on a quarterly basis, with a lag of several months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Nebraska (NEUTILNGSP), retrieved from FRED.