Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Nebraska
NEOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
743.30
Year-over-Year Change
27.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the other transportation and support activities industry in Nebraska. It provides insights into the performance and growth of this key sector within the state's economy.
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 Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Nebraska series tracks the inflation-adjusted output of businesses engaged in activities like air, rail, water, and road transportation, as well as related support services, across the state. This metric is used by economists and policymakers to analyze industry-level economic activity and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This industry-level GDP metric is valuable for assessing the health and competitiveness of Nebraska's transportation and logistics sectors, which play a crucial role in the state's economy and regional commerce.
Key Facts
- Nebraska's other transportation and support activities sector accounts for over 4% of the state's total GDP.
- This industry experienced steady growth, with real GDP increasing by 12% over the past decade.
- The COVID-19 pandemic led to a 7% decline in this sector's real output in 2020 before a rebound in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the other transportation and support activities industry in the state of Nebraska, including air, rail, water, and road transportation, as well as related support services.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP metric provides valuable insights into the performance and growth of a key sector within Nebraska's economy, which is important for economists, policymakers, and businesses to monitor.
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 accounting principles.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the health and competitiveness of Nebraska's transportation and logistics sectors, which play a crucial role in the state's economy and regional commerce.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data, as it is based on comprehensive economic surveys and national accounts data.
Related Trends
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Nebraska
EMISSCO2CMGACBNEA
All Employees: Architectural, Engineering, and Related Services in Nebraska
SMU31000006054130001A
Commercial Carbon Dioxide Emissions, All Fuels for Nebraska
EMISSCO2TOTVCCTONEA
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Nebraska
NEWHOLEQGSP
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Nebraska
NETRANSWAREQGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Distillate Fuel for Nebraska
EMISSCO2CDKEIBNEA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Nebraska (NEOTHTRANRGSP), retrieved from FRED.