Gross Domestic Product: Retail Trade (44-45) in Nebraska
NERETAILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,712.80
Year-over-Year Change
73.04%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Retail Trade (44-45) in Nebraska measures the economic output of the retail sector in the state. This metric is a key indicator of consumer spending and economic activity.
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 Gross Domestic Product: Retail Trade (44-45) in Nebraska represents the inflation-adjusted dollar value of retail trade activities within the state. It is a component of the overall state GDP and provides insight into the health and performance of Nebraska's consumer-driven economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to assess consumer demand and guide economic decision-making.
Key Facts
- Nebraska's retail GDP was $25.6 billion in 2021.
- Retail trade accounts for approximately 10% of Nebraska's total economic output.
- The retail sector employs over 150,000 people in Nebraska.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Retail Trade (44-45) in Nebraska measures the economic output of the retail sector within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and the health of Nebraska's consumer-driven economy, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess consumer demand and guide economic decision-making in Nebraska.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with potential delays of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Retail Trade (44-45) in Nebraska (NERETAILNGSP), retrieved from FRED.