Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska
NEWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.07
Year-over-Year Change
15.54%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska measures the inflation-adjusted output of the wholesale trade sector in the state. This economic indicator provides insight into the health and growth of Nebraska's wholesale industry.
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 Chain-Type Quantity Index tracks changes in the real, volume-based output of the wholesale trade sector in Nebraska. Economists and policymakers use this data to assess the performance and productivity of this key component of the state's economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changing prices and product mixes over time.
Historical Context
The wholesale trade index helps inform decisions around economic and industrial policies that impact the distribution and logistics sectors in Nebraska.
Key Facts
- The index is referenced in 2021 with a value of 109.13.
- Wholesale trade accounts for over 5% of Nebraska's total GDP.
- The index has grown by an average of 2.4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska measures the inflation-adjusted, volume-based output of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the health and productivity of Nebraska's wholesale trade industry, which is an important component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changing prices and product mixes over time.
Q: How is this trend used in economic policy?
A: The wholesale trade index helps inform decisions around economic and industrial policies that impact the distribution and logistics sectors in Nebraska.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with the most recent data typically available within 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska (NEWHOLEQGSP), retrieved from FRED.