Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Nebraska
NEINSCRAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.93
Year-over-Year Change
230.12%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Nebraska measures the inflation-adjusted output of the insurance industry in the state. This metric is important for economists and policymakers to understand industry-level economic trends and productivity.
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 tracks real (inflation-adjusted) output for the insurance industry in Nebraska. It is a key indicator of the sector's economic performance and can provide insights into factors driving growth or decline within the state's insurance activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output.
Historical Context
This index is used by economists and industry analysts to assess the health and competitiveness of Nebraska's insurance sector.
Key Facts
- The index is based on 2012 as the reference year.
- Insurance is a key industry in Nebraska, accounting for over 5% of state GDP.
- The index tracks real output, adjusting for inflation.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Nebraska measures the inflation-adjusted output of the insurance industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand industry-level economic trends and productivity within Nebraska's insurance sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output.
Q: How is this trend used in economic policy?
A: This index is used by economists and industry analysts to assess the health and competitiveness of Nebraska's insurance sector, which is a key component of the state's economy.
Q: Are there update delays or limitations?
A: The index data is published regularly by the Federal Reserve, though there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Nebraska (NEINSCRAQGSP), retrieved from FRED.