Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Nebraska
NEPLASRUBMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311.00
Year-over-Year Change
-35.17%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the plastics and rubber products manufacturing industry in Nebraska. It provides insights into the productivity and growth of this key manufacturing sector in 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 Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Nebraska series tracks the inflation-adjusted output of this industry, which is a significant contributor to the state's economy. It is used by economists and policymakers to analyze industrial production, investment, and economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is relevant for understanding the performance of Nebraska's manufacturing base and guiding economic development policies.
Key Facts
- Nebraska is a major producer of plastics and rubber goods.
- This industry accounts for over 10% of the state's manufacturing GDP.
- Output has grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product for the plastics and rubber products manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of a key manufacturing sector in Nebraska, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the performance of Nebraska's manufacturing base and guiding economic development policies in the state.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Nebraska (NEPLASRUBMANRGSP), retrieved from FRED.