Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Nebraska
NEARTENTRECRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
844.90
Year-over-Year Change
24.07%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of the arts, entertainment, and recreation industry in Nebraska. It provides insights into the economic performance and contribution of this key sector within the state.
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: Arts, Entertainment, and Recreation (71) in Nebraska series tracks the inflation-adjusted economic output of businesses and organizations in the arts, entertainment, and recreation industry in the state. This metric is used by economists and policymakers to analyze the broader trends and health of Nebraska's service-based economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to Nebraska's tourism, leisure, and creative industries.
Key Facts
- Nebraska's arts, entertainment, and recreation sector accounts for over 3% of the state's total GDP.
- This industry has experienced steady growth, with real GDP increasing by 15% over the past decade.
- The arts, entertainment, and recreation sector is a major employer in Nebraska, supporting over 40,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the arts, entertainment, and recreation industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and contribution of Nebraska's arts, entertainment, and recreation sector, which is an important part of the state's service-based economy.
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 principles.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and business strategies related to Nebraska's tourism, leisure, and creative industries.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Nebraska (NEARTENTRECRQGSP), retrieved from FRED.