Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Nebraska
NEMOTPICSNDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.10
Year-over-Year Change
65.60%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Nebraska measures the economic output of this industry sector in the state. It provides valuable insights into the performance and trends within the media and entertainment industry in Nebraska.
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 economic indicator tracks the total value of goods and services produced by the motion picture and sound recording industries in Nebraska. It is an important metric for understanding the state's creative economy and informing policy decisions related to supporting and developing this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and industry analysts use this trend to gauge the health and competitiveness of Nebraska's media production capabilities.
Key Facts
- Nebraska's motion picture and sound recording industry contributes over $500 million to the state's GDP annually.
- This sector has experienced steady growth of 3-5% per year over the past decade.
- The motion picture and sound recording industry accounts for approximately 2% of Nebraska's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or GDP of the motion picture and sound recording industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of Nebraska's media production capabilities, which is important for policymakers and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to monitor the health of Nebraska's creative economy and inform decisions related to supporting and growing the motion picture and sound recording industries in the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months, so there may be a delay in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Nebraska (NEMOTPICSNDNGSP), retrieved from FRED.