Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Nebraska
NEDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,463.70
Year-over-Year Change
-0.33%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in Nebraska. It provides valuable insights into the state's industrial productivity and economic health.
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: Durable Goods Manufacturing (321, 327-339) in Nebraska series tracks the inflation-adjusted output of industries such as fabricated metal products, machinery, computer and electronic products, and transportation equipment. This metric helps economists and policymakers assess the performance and competitiveness of Nebraska's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in durable goods manufacturing GDP are closely monitored by government agencies, businesses, and investors to gauge the broader economic conditions in Nebraska and the Midwest region.
Key Facts
- Nebraska's durable goods manufacturing sector accounts for nearly 10% of the state's total GDP.
- The industry employs over 100,000 workers in Nebraska, making it a significant driver of the state's economy.
- Between 2010 and 2020, real GDP in Nebraska's durable goods manufacturing sector grew by 20%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in the state of Nebraska, providing insights into the productivity and performance of this important industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in durable goods manufacturing GDP are closely monitored by government agencies, businesses, and investors to gauge the broader economic conditions in Nebraska and the Midwest region.
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: Policymakers use this metric to assess the performance and competitiveness of Nebraska's manufacturing base, which is a critical driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Nebraska (NEDURMANRQGSP), retrieved from FRED.