Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska
NERAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.68
Year-over-Year Change
-2.10%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska measures the real GDP contributed by the rail transportation industry in the state. This metric is crucial for assessing the economic health and growth of Nebraska's rail transportation sector.
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 Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska is a measure of the real gross domestic product (GDP) generated by the rail transportation industry in the state. It provides a comprehensive representation of the industry's economic activity and productivity, and is used by policymakers, economists, and industry analysts to evaluate the performance and trends in this crucial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
This economic trend is widely used to inform policy decisions and market analysis related to the rail transportation industry in Nebraska.
Key Facts
- Nebraska's rail transportation industry accounts for a significant portion of the state's GDP.
- The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska has shown steady growth over the past decade.
- This metric is a key indicator of the productivity and competitiveness of Nebraska's rail transportation sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska measures the real gross domestic product (GDP) contributed by the rail transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing the economic health and growth of Nebraska's rail transportation sector, which is a significant contributor to the state's overall GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Q: How is this trend used in economic policy?
A: This economic trend is widely used to inform policy decisions and market analysis related to the rail transportation industry in Nebraska.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Nebraska (NERAILTRANQGSP), retrieved from FRED.