Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska
NEAGRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,869.60
Year-over-Year Change
18.25%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the agriculture, forestry, fishing, and hunting sector in Nebraska. It is an important indicator of the health and productivity of a key industry in 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
The Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska series tracks the inflation-adjusted output of this vital economic sector. It provides insight into the overall performance and contribution of these industries to the state's economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to assess the state of Nebraska's agricultural and natural resource-based economy.
Key Facts
- Nebraska is one of the top agricultural producing states in the U.S.
- The agriculture, forestry, fishing and hunting sector accounts for a significant portion of Nebraska's GDP.
- This trend can signal shifts in the state's economic reliance on natural resource-based industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the agriculture, forestry, fishing, and hunting sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the performance and contribution of a vital industry to Nebraska's economy, which is critical for policymakers, businesses, and economists monitoring the state's economic conditions.
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: This trend is closely monitored by policymakers, businesses, and economists to assess the state of Nebraska's agricultural and natural resource-based economy and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of this data due to the complexities of national economic accounting, but it remains a valuable and widely-used indicator of Nebraska's economic performance.
Related Trends
Coefficient for Residential Carbon Dioxide Emissions, Kerosene for Nebraska
EMISSCO2CKSRCBNEA
Average Hourly Earnings of Production Employees: Manufacturing in Nebraska
SMU31000003000000008
Average Hourly Earnings of All Employees: Private Service Providing in Nebraska
SMU31000000800000003
Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Nebraska
NEAMUSEQGSP
All Employees: Computer Systems Design and Related Services in Nebraska
SMU31000006054150001A
High-Propensity Business Applications for Nebraska
HBUSAPPWNSANE
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Nebraska (NEAGRRGSP), retrieved from FRED.