Real Gross Domestic Product: Machinery Manufacturing (333) in Nebraska
NEMACHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,514.60
Year-over-Year Change
-28.28%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the machinery manufacturing industry (NAICS 333) in the state of Nebraska. It provides important insights into the performance and economic contribution of this key manufacturing sector within 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
The real GDP for the machinery manufacturing industry in Nebraska is a measure of the total inflation-adjusted economic output of this sector. It is a key indicator of the industry's productivity, competitiveness, and overall health within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Historical Context
This trend is closely watched by policymakers, industry analysts, and economic development officials to assess the competitiveness and growth prospects of Nebraska's manufacturing base.
Key Facts
- Nebraska's machinery manufacturing sector accounts for over 10% of the state's total GDP.
- This industry employs more than 25,000 workers in Nebraska.
- Real GDP in Nebraska's machinery manufacturing has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the machinery manufacturing industry (NAICS 333) in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of a key manufacturing sector within Nebraska's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, industry analysts, and economic development officials to assess the competitiveness and growth prospects of Nebraska's manufacturing base.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to periodic revisions by the BEA.
Related Trends
State Government Tax Collections, General Sales and Gross Receipts Taxes in Nebraska
NESALESTAX
All Employees: Professional and Business Services: Management of Companies and Enterprises in Nebraska
SMS31000006055000001
Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Nebraska
EMISSCO2VNGRCBNEA
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Nebraska
EMISSCO2CMGACBNEA
All Employees: Health Care and Social Assistance in Nebraska
SMU31000006562000001A
Gross Domestic Product: Private Goods-Producing Industries in Nebraska
NEPRIGOODPRONGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Machinery Manufacturing (333) in Nebraska (NEMACHMANRGSP), retrieved from FRED.