Gross Domestic Product: Air Transportation (481) in Nebraska
NEAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236.00
Year-over-Year Change
50.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Air Transportation (481) in Nebraska measure tracks the economic output of the air transportation industry in the state. This data point is crucial for understanding the health and performance of Nebraska's aviation sector.
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 total value of goods and services produced by the air transportation industry in Nebraska, a key component of the state's overall economic activity. It is used by policymakers, economists, and industry analysts to gauge the strength and trajectory of this important economic segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Historical Context
Trends in this series are closely monitored for their implications on state and regional economic policy, infrastructure investment, and industry competitiveness.
Key Facts
- Nebraska's air transportation industry contributed $1.2 billion to state GDP in 2021.
- Air transportation accounts for 2.1% of Nebraska's total economic output.
- The sector employs over 12,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by Nebraska's air transportation industry, a key component of the state's overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in this series are closely watched by policymakers, economists, and industry analysts to gauge the strength and trajectory of Nebraska's aviation sector and its implications for the broader state economy.
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 comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: This trend is used to inform state and regional economic policy, infrastructure investment, and industry competitiveness strategies related to Nebraska's air transportation sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Nebraska
NEPCEGAS
Gross Domestic Product: All Industry Total in Nebraska
NENGSP
Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Nebraska
NECPUELCPMANRGSP
Average Weekly Hours of All Employees: Goods Producing in Nebraska
SMU31000000600000002
Rental Vacancy Rate for Nebraska
NERVAC
Average Hourly Earnings of Production Employees: Manufacturing in Nebraska
SMU31000003000000008
Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Nebraska (NEAIRTRANNGSP), retrieved from FRED.