Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Nebraska
NEFININSREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,383.80
Year-over-Year Change
133.57%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) of the finance, insurance, real estate, rental, and leasing industries in the state of Nebraska. It is a key indicator of economic activity and performance in these critical sectors.
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 NEFININSREALNGSP series tracks the total value of goods and services produced by these industries within Nebraska's economy. It is an important metric for understanding the state's economic composition and competitiveness in these sectors.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using a variety of sources, including industry surveys and government records.
Historical Context
Policymakers and analysts use this trend to evaluate Nebraska's economic landscape and make informed decisions about investments, regulations, and development strategies.
Key Facts
- Nebraska's GDP for finance, insurance, real estate, rental, and leasing was $31.6 billion in 2020.
- These industries account for 16.7% of Nebraska's total GDP.
- The real estate and rental/leasing sectors make up the largest share of this trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the finance, insurance, real estate, rental, and leasing industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of these critical sectors within Nebraska's economy, which is valuable for policymakers, businesses, and researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using industry surveys and government records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Nebraska's economic landscape and make informed decisions about investments, regulations, and development strategies in these industries.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as is common with many economic indicators.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Nebraska (NEFININSREALNGSP), retrieved from FRED.