Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska
NEAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,741.30
Year-over-Year Change
-24.23%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska' series measures the economic output of this key sector in the state. It is an important indicator for analyzing Nebraska's economic performance and growth.
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 value added by the agriculture, forestry, fishing, and hunting industries to Nebraska's gross domestic product. It provides insights into the productivity and contribution of these natural resource-based sectors to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Historical Context
Policymakers and industry analysts use this metric to assess the health and competitiveness of Nebraska's primary industries.
Key Facts
- Nebraska is a leading agricultural state, producing a significant share of the nation's corn, beef, and soybeans.
- The agriculture, forestry, fishing, and hunting sector accounts for over 5% of Nebraska's total GDP.
- This series has shown steady growth over the past decade, reflecting the strength of Nebraska's natural resource-based economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) contribution of the agriculture, forestry, fishing, and hunting industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the role of Nebraska's primary industries in driving the state's overall economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and competitiveness of Nebraska's agriculture, forestry, fishing, and hunting sectors, which are crucial to the state's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska (NEAGRNQGSP), retrieved from FRED.