Real Gross Domestic Product: Health Care and Social Assistance (62) in Nebraska
NEHLTHSOCASSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,613.20
Year-over-Year Change
12.97%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP): Health Care and Social Assistance (62) in Nebraska measures the inflation-adjusted output of the health care and social assistance sector in the state.
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 economic trend provides insights into the performance and productivity of Nebraska's health care and social assistance industries, which are major components of the state's economy. Analyzing this data helps policymakers and economists understand the overall health of the state's economy and identify growth or decline within the sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using various government surveys and administrative records.
Historical Context
Trends in this metric can inform decisions about health care policy, social service funding, and economic development in Nebraska.
Key Facts
- Nebraska's health care and social assistance sector accounts for over 15% of the state's GDP.
- This industry has shown steady growth over the past decade, outpacing the overall state economy.
- The COVID-19 pandemic had a significant impact on the sector, leading to fluctuations in output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted GDP originating from the health care and social assistance sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Nebraska's health care and social assistance sector provides valuable insights into the overall state economy and can inform policy decisions around healthcare, social services, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using various government surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform decisions about health care policy, social service funding, and economic development in Nebraska.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with some delays due to the time required to collect and process the underlying data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Health Care and Social Assistance (62) in Nebraska (NEHLTHSOCASSRQGSP), retrieved from FRED.