Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Nebraska
NEFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
915.60
Year-over-Year Change
22.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in Nebraska. It provides insights into the economic performance and production levels of this key manufacturing sector 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
The Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Nebraska series tracks the inflation-adjusted value added by the fabricated metal product manufacturing industry to the state's overall economic output. This metric is used by economists and policymakers to assess the health and competitiveness of Nebraska's manufacturing base.
Methodology
The data is calculated based on industry-level GDP estimates from the U.S. Bureau of Economic Analysis.
Historical Context
Trends in fabricated metal manufacturing GDP can inform state-level economic and industrial policies.
Key Facts
- Nebraska's fabricated metal manufacturing GDP was $4.9 billion in 2021.
- This industry accounts for about 8% of the state's total economic output.
- Real fabricated metal GDP in Nebraska has grown by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing 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 competitiveness of a key manufacturing sector in Nebraska, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in fabricated metal manufacturing GDP can inform state-level economic and industrial policies in Nebraska.
Q: Are there update delays or limitations?
A: This data is published with a lag of several months by the Federal Reserve.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Nebraska (NEFABRMETRGSP), retrieved from FRED.