Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Nebraska
NEFININSREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,557.30
Year-over-Year Change
60.65%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) in the finance, insurance, real estate, rental, and leasing sectors for the state of Nebraska. It is an important indicator of economic activity and performance in these key industries.
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: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Nebraska trend represents the total economic output, adjusted for inflation, of these sectors within the state. It is used by economists and policymakers to analyze the health and growth of these industries and their contribution to the overall state economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methodologies.
Historical Context
This trend is relevant for understanding Nebraska's economic composition and can inform policy decisions and business strategies.
Key Facts
- Nebraska's finance, insurance, real estate, rental, and leasing sectors account for over 20% of the state's GDP.
- This trend has grown by an average of 2.5% annually over the past decade.
- The real estate and rental/leasing industries make up the largest share of this economic sector in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 contribution of key economic sectors in Nebraska, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methodologies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and growth of these industries and their impact on the overall state economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several months in the release of this data, and it is subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Nebraska (NEFININSREALRGSP), retrieved from FRED.