Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Nebraska
Quarterly, Seasonally Adjusted
NEOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.92
Year-over-Year Change
-7.30%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the real gross output of the nonfinancial noncorporate business sector, a key indicator of economic activity 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
This series represents the value of goods and services produced by nonfinancial noncorporate businesses, such as sole proprietorships and partnerships. It is a useful gauge of the health and trends in the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Economists and policymakers monitor this metric to assess the performance and outlook of the nonfinancial business sector.
Key Facts
- Nonfinancial noncorporate businesses account for over 30% of U.S. gross domestic product.
- This sector includes sole proprietorships, partnerships, and other unincorporated enterprises.
- The data is seasonally adjusted to account for recurring fluctuations throughout the year.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross output of the nonfinancial noncorporate business sector, which includes sole proprietorships, partnerships, and other unincorporated enterprises.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and productivity of a significant portion of the U.S. economy, making it an important indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the performance and outlook of the nonfinancial business sector, which can inform decision-making and policy actions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately two months after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NEOTHSERVEQQGSP), retrieved from FRED.