Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska
NEAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,695.90
Year-over-Year Change
14.81%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the agriculture, forestry, fishing, and hunting industries in the state of Nebraska. It provides insights into the productivity and contribution of these key sectors to the state's overall economic activity.
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 NEAGRNGSP series represents the GDP originating from the agriculture, forestry, fishing, and hunting industries in Nebraska. This data is a valuable indicator for understanding the importance of these industries to the state's economy and can inform policy decisions and business strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using standard GDP accounting methods.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the performance and contribution of Nebraska's natural resource-based industries.
Key Facts
- Nebraska is a leading agricultural producer in the United States.
- The agriculture, forestry, fishing, and hunting industries account for a significant portion of Nebraska's GDP.
- This trend data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) originating from the agriculture, forestry, fishing, and hunting industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and economic contribution of Nebraska's natural resource-based industries, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the performance and contribution of Nebraska's agriculture, forestry, fishing, and hunting sectors to the state's overall economic activity.
Q: Are there update delays or limitations?
A: The NEAGRNGSP data is released quarterly by the BEA, and there may be a short delay between the end of the reporting period and the data's publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska (NEAGRNGSP), retrieved from FRED.