Chain-Type Quantity Index for Real GDP: Federal Civilian in Nebraska
NEGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.87
Year-over-Year Change
13.89%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Nebraska measures the inflation-adjusted quantity of federal civilian economic activity in the state. This trend is an important indicator of the role of the federal government in Nebraska'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
This index represents the real, inflation-adjusted value of goods and services produced by the federal civilian sector in Nebraska. It provides insights into the scale and trends of federal economic activity within the state, which is relevant for policymakers and analysts studying the interplay between the public and private sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This metric is utilized by economists and policymakers to assess the economic footprint of the federal government in Nebraska and how it evolves over time.
Key Facts
- The index uses 2012 as the base year.
- Federal civilian activity accounts for about 4% of Nebraska's real GDP.
- The index has grown by 13% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Federal Civilian in Nebraska measures the inflation-adjusted quantity of goods and services produced by the federal civilian sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and trends of federal economic activity within Nebraska, which is important for understanding the interplay between the public and private sectors in the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This index is utilized by economists and policymakers to assess the economic footprint of the federal government in Nebraska and how it evolves over time.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Nebraska (NEGOVFEDCIVQGSP), retrieved from FRED.