Real Gross Domestic Product: Primary Metal Manufacturing (331) in Nebraska
NEPRIMETMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287.80
Year-over-Year Change
102.11%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the primary metal manufacturing industry in Nebraska. It is an important indicator for policymakers and economists to assess the health and performance 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: Primary Metal Manufacturing (331) in Nebraska series tracks the inflation-adjusted economic output of this industry within the state. It provides insights into the productivity, competitiveness, and growth of this vital component of Nebraska's industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This metric helps inform economic and industrial policies at the state level.
Key Facts
- Primary metal manufacturing accounts for 5.2% of Nebraska's GDP.
- This industry employs over 12,000 workers in the state.
- Real GDP in this sector has grown by 3.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the primary metal manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity, competitiveness, and growth of a key manufacturing sector in the Nebraska economy.
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 frameworks.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and industrial policies at the state level, as it reflects the performance and importance of the primary metal manufacturing industry in Nebraska.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Primary Metal Manufacturing (331) in Nebraska (NEPRIMETMANRGSP), retrieved from FRED.