Real Gross Domestic Product: Wholesale Trade (42) in Nebraska
NEWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,032.50
Year-over-Year Change
15.54%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) of the wholesale trade sector in the state of Nebraska. It is an important indicator of economic activity and a key component of the overall state GDP.
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 Real Gross Domestic Product: Wholesale Trade (42) in Nebraska series tracks the inflation-adjusted output of the wholesale trade industry, which includes businesses that sell goods and merchandise to other businesses, rather than directly to consumers. This metric provides insights into the health and performance of a critical sector of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and statistical modeling.
Historical Context
Policymakers and analysts monitor this trend to assess the state's economic conditions and make informed decisions.
Key Facts
- Nebraska's wholesale trade sector accounts for around 10% of the state's GDP.
- The wholesale trade industry employs over 50,000 workers in Nebraska.
- This metric has shown steady growth in recent years, indicating a healthy wholesale trade market.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the wholesale trade sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade industry is a critical component of Nebraska's economy, and this metric provides valuable insights into the performance and health of this sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state's economic conditions and make informed decisions about economic policy, investment, and development.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Nebraska (NEWHOLERGSP), retrieved from FRED.