Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Nebraska
NEBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.24
Year-over-Year Change
50.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Nebraska measures the inflation-adjusted output of the broadcasting and telecommunications industries in 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
This index tracks changes in the real (inflation-adjusted) volume of goods and services produced by the broadcasting and telecommunications sectors in Nebraska. It is a key indicator of economic activity and productivity in these important industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by policymakers and industry analysts to gauge the health and competitiveness of Nebraska's communications sector.
Key Facts
- The index has a base year of 2012.
- The sector accounts for over 3% of Nebraska's total GDP.
- Telecommunications is the larger component, representing about 60% of the index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the broadcasting and telecommunications industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the productivity and competitiveness of Nebraska's communications sector, which is a key driver of economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the health and competitiveness of Nebraska's broadcasting and telecommunications industries.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Nebraska (NEBRDTELEQGSP), retrieved from FRED.