Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Nebraska
NEFRBCIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,973.60
Year-over-Year Change
-17.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services sector in Nebraska. It provides insights into the performance and contribution of this industry to the state's overall economic activity.
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: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Nebraska series represents the inflation-adjusted value-added output of the financial services industry in the state. It is a key indicator for analyzing the health and growth of Nebraska's financial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the economic conditions and competitiveness of Nebraska's financial services industry.
Key Facts
- Nebraska's financial services sector accounts for over 5% of the state's GDP.
- The industry has experienced steady growth over the past decade.
- Credit intermediation and related services are the largest components of this economic trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of Nebraska's financial services industry to the state's overall economic activity, which is important for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to assess the economic conditions and competitiveness of Nebraska's financial services industry, which informs policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay 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: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Nebraska (NEFRBCIRGSP), retrieved from FRED.