Real Gross Domestic Product: All Industry Total in Nebraska
NERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144,370.00
Year-over-Year Change
3.97%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Nebraska measures the total economic output of Nebraska, adjusted for inflation. It is a key indicator of the state's economic health and performance.
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
This metric represents the total value of all goods and services produced within Nebraska's economy, excluding the effects of price changes. It is a comprehensive measure used by economists and policymakers to assess the state's economic growth and development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using various economic indicators and surveys.
Historical Context
This trend is widely used to inform economic policy decisions and analyze market conditions in Nebraska.
Key Facts
- Nebraska's real GDP grew by 3.2% in 2021.
- The state's economy is heavily dependent on agriculture and manufacturing.
- Real GDP in Nebraska has exceeded the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Nebraska measures the total economic output of the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Nebraska's economic health and performance, used by economists and policymakers to assess the state's growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using various economic indicators and surveys.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic policy decisions and analyze market conditions in Nebraska.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and lags in reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Nebraska (NERQGSP), retrieved from FRED.