Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Arkansas
ARAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.08
Year-over-Year Change
-16.05%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Arkansas measures the real output of the air transportation industry in the state. This trend is a key indicator of economic activity and productivity in the aviation 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
The Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of the air transportation industry in Arkansas over time. This metric is used by economists and policymakers to assess the health and performance of the state's aviation sector.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on air transportation industry output.
Historical Context
The air transportation trend provides insight into a critical component of Arkansas' economy and overall business climate.
Key Facts
- The index uses 2012 as the base year.
- Air transportation accounts for over 2% of Arkansas' total GDP.
- The index reached a high of 123.36 in 2019 before declining in 2020.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Arkansas measures the real, inflation-adjusted output of the air transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and performance of a key sector of Arkansas' economy, which is vital information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on air transportation industry output.
Q: How is this trend used in economic policy?
A: The air transportation trend is used by economists and policymakers to assess the health and competitiveness of Arkansas' aviation sector, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Arkansas (ARAIRTRANQGSP), retrieved from FRED.