Gross Domestic Product: Insurance Carriers and Related Activities (524) in Nebraska
NEINSCRANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,011.20
Year-over-Year Change
296.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the insurance carriers and related activities industry in the state of Nebraska. It is an important indicator for understanding the health and growth of the insurance sector in 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 GDP of the insurance carriers and related activities industry in Nebraska represents the total value of goods and services produced by this sector. It is used by economists and policymakers to analyze the performance and contributions of the insurance industry to the state's economic output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend provides insights into the role of the insurance industry in Nebraska's economy, which can inform economic and regulatory decisions.
Key Facts
- Nebraska's insurance industry accounts for a significant portion of the state's GDP.
- The insurance sector has experienced steady growth in Nebraska over the past decade.
- The performance of the insurance industry is closely watched by policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the insurance carriers and related activities industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contributions of the insurance industry to Nebraska's overall economic output, which is important for understanding the state's economic health and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: The GDP of the insurance industry in Nebraska is used by economists and policymakers to inform economic and regulatory decisions related to the insurance sector and its impact on the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the BEA, which may result in occasional delays or minor changes to the reported figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Insurance Carriers and Related Activities (524) in Nebraska (NEINSCRANGSP), retrieved from FRED.