Chain-Type Quantity Index for Real GDP: Information (51) in Nebraska
NEINFOQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.24
Year-over-Year Change
128.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Nebraska measures the real output of the information sector in the state. This trend is important for economists and policymakers to understand productivity and growth within a key industry.
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 tracks changes in the real, inflation-adjusted output of the information sector in Nebraska, which includes industries like publishing, telecommunications, data processing, and broadcasting. It provides insight into the performance and contribution of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Nebraska's information industry.
Key Facts
- Nebraska's information sector accounts for over 5% of the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic boosted demand for information services in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of Nebraska's information sector, which includes industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of a key industry within the Nebraska economy, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and competitiveness of Nebraska's information industry, which is an important driver of economic growth and productivity in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Nebraska (NEINFOQGSP), retrieved from FRED.