Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Nebraska
NEWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
464.16
Year-over-Year Change
8207.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Nebraska measures the volume of economic activity in the water transportation industry within the state. This metric is important for economists and policymakers to understand regional economic trends and industry 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
The Chain-Type Quantity Index tracks changes in the real (inflation-adjusted) output of the water transportation sector in Nebraska over time. It provides insights into the productivity and growth of this key industry, which has implications for the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Policymakers and analysts use this metric to assess the health of Nebraska's transportation infrastructure and logistics sector.
Key Facts
- The index is referenced to the year 2012 as 100.
- Nebraska's water transportation industry accounts for about 0.5% of the state's total real GDP.
- The index has shown steady growth since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) volume of economic activity in the water transportation industry within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the productivity and growth of Nebraska's water transportation sector, which has implications for the state's overall economic performance and logistics capabilities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Nebraska's transportation infrastructure and logistics sector, which informs decision-making around infrastructure investment and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Nebraska (NEWATTRANQGSP), retrieved from FRED.