Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Nebraska
NESAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496.54
Year-over-Year Change
636.19%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Nebraska measures the inflation-adjusted output of the mining support services industry in the state. This metric is important for economists and policymakers to understand the productivity and health of the local mining 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
This index tracks the real, volume-adjusted gross domestic product (GDP) of establishments that provide support services for the mining industry in Nebraska. It is a key indicator of the state's mining sector activity and productivity trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This metric is used by analysts and policymakers to assess the economic performance and competitiveness of Nebraska's mining industry.
Key Facts
- The index is based on 2012 dollars.
- Mining support services account for around 1% of Nebraska's GDP.
- The index is updated quarterly by the BEA.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, volume-based output of establishments that provide support services for the mining industry in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the productivity and health of Nebraska's mining sector, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the competitiveness and performance of Nebraska's mining industry, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the BEA, with a typical 2-3 month delay in the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Nebraska (NESAMINQGSP), retrieved from FRED.