Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Nebraska
NECPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
477.40
Year-over-Year Change
42.21%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) in the computer and electronic product manufacturing industry (NAICS 334) in the state of Nebraska. It provides important insights into the economic performance and productivity of this key manufacturing 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 Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Nebraska series tracks the inflation-adjusted value of goods and services produced by this industry within the state. It is a crucial indicator of economic activity and competitiveness in this high-tech manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is widely used by policymakers, industry analysts, and economic researchers to assess the health and growth potential of Nebraska's technology manufacturing base.
Key Facts
- Nebraska's computer and electronics manufacturing GDP was $3.2 billion in 2021.
- This industry accounts for 3.5% of the state's total economic output.
- Real GDP in this sector has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness of a key high-tech manufacturing sector within the Nebraska 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 metric is widely used by policymakers, industry analysts, and economic researchers to assess the health and growth potential of Nebraska's technology manufacturing base.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Nebraska (NECPUELCPMANRGSP), retrieved from FRED.