Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Nebraska
NEFRSTFISHQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.61
Year-over-Year Change
38.46%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the forestry, fishing, and related activities sector in the state of Nebraska. It provides insights into the performance and growth of this important industry within the state's economy.
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 chain-type quantity index for real GDP in the forestry, fishing, and related activities sector is a key indicator of economic activity and productivity in this industry. It is used by economists and policymakers to analyze the contribution of this sector to the overall state economy and to inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on standard national accounting practices.
Historical Context
This trend is used by economists, industry analysts, and policymakers to understand the economic conditions and trends in Nebraska's forestry, fishing, and related activities sector.
Key Facts
- The forestry, fishing, and related activities sector accounts for a small but important part of Nebraska's economy.
- This index tracks changes in the real output of this sector, adjusting for inflation.
- Analyzing this trend can help identify growth opportunities and challenges in the industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the forestry, fishing, and related activities 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 growth of an important industry within Nebraska's economy, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on standard national accounting practices.
Q: How is this trend used in economic policy?
A: This trend is used by economists, industry analysts, and policymakers to understand the economic conditions and trends in Nebraska's forestry, fishing, and related activities sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in data availability or limitations in the geographic or industry coverage.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Nebraska (NEFRSTFISHQGSP), retrieved from FRED.