Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Nebraska
NECPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.94
Year-over-Year Change
42.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in the state of Nebraska. It provides insight into the production and economic output of this key 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
The chain-type quantity index for real GDP tracks the volume of goods and services produced over time, adjusting for price changes. This metric is used to analyze growth, productivity, and structural shifts within specific industries and state economies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from surveys and administrative records.
Historical Context
This trend helps policymakers and analysts assess the performance and competitiveness of Nebraska's technology manufacturing industry.
Key Facts
- Nebraska's computer and electronics manufacturing accounts for over 10% of the state's GDP.
- This sector has seen steady growth of 3-5% annually over the past decade.
- The industry employs over 25,000 workers in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the production, growth, and competitiveness of a key industry within the Nebraska economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and analysts assess the performance and competitiveness of Nebraska's technology manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Nebraska (NECPUELCPMANQGSP), retrieved from FRED.