Chain-Type Quantity Index for Real GDP: Utilities (22) in Nebraska
NEUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.34
Year-over-Year Change
8.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Nebraska measures the volume of economic output from the utilities sector in Nebraska, adjusted for inflation. This trend is important for understanding the state's economic performance and energy consumption patterns.
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: Utilities (22) in Nebraska is a measure of the real (inflation-adjusted) output of the utilities sector, which includes electricity, natural gas, and water supply industries. It provides insights into the scale and productivity of this key infrastructure-related industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in relative prices over time.
Historical Context
This trend is used by policymakers, analysts, and businesses to assess energy demand, infrastructure needs, and overall economic conditions in Nebraska.
Key Facts
- Nebraska's utilities sector accounts for 2.3% of the state's GDP.
- The utilities index has grown by 10.5% over the past 5 years.
- Electricity generation is the largest component of Nebraska's utilities industry.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Nebraska measures the real (inflation-adjusted) output of the utilities sector in the state, including electricity, natural gas, and water supply industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale and productivity of Nebraska's utilities sector, which is a key part of the state's economic infrastructure. It helps policymakers, businesses, and analysts understand energy demand, investment needs, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in relative prices over time.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and businesses to assess energy demand, infrastructure needs, and overall economic conditions in Nebraska. It informs decisions related to energy policy, utility regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Nebraska (NEUTILQGSP), retrieved from FRED.