Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Nebraska
Quarterly, Seasonally Adjusted Annual Rate
NEMINRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.50
Year-over-Year Change
-14.01%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' series measures the annualized quarter-over-quarter change in U.S. real gross state product, a key indicator of regional economic activity.
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 series represents the seasonally adjusted annualized rate of change in real gross state product, which is a comprehensive measure of the total economic output of each U.S. state. It is a valuable indicator for policymakers and analysts to assess the health and growth of regional economies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly surveys of economic activity across states.
Historical Context
Policymakers and economists use this data to evaluate the performance of state economies and inform decisions around fiscal, monetary, and regional development policies.
Key Facts
- Quarterly, seasonally adjusted data is reported for all 50 U.S. states.
- The series dates back to 2005, with data updated by the BEA each quarter.
- Growth rates are reported at an annualized percentage change.
FAQs
Q: What does this economic trend measure?
A: This series measures the annualized quarter-over-quarter change in real gross state product, which represents the total economic output of each U.S. state.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of regional economic activity and performance, providing valuable insights for policymakers, businesses, and economists analyzing state-level economic trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly surveys of economic activity across U.S. states.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the performance of state economies and inform decisions around fiscal, monetary, and regional development policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the BEA, with a typical 2-3 month lag between the end of the reference quarter and the data release.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NEMINRQGSP), retrieved from FRED.