Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Arkansas
ARAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.66
Year-over-Year Change
54.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Arkansas measures the real output of the amusement, gambling, and recreation sector in the state. This trend is an important indicator of economic activity and consumer spending in the leisure and hospitality industry.
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 tracks the real (inflation-adjusted) output of the amusement, gambling, and recreation industries in Arkansas. This metric helps economists and policymakers understand the performance and trends within the leisure and hospitality sector, which is a significant contributor to the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This economic indicator is widely used by analysts to assess the health of Arkansas' consumer-driven industries and guide economic policy decisions.
Key Facts
- The amusement, gambling, and recreation industries account for over 4% of Arkansas' total GDP.
- This trend has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 15% decline in this index in 2020.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Arkansas measures the real output of the amusement, gambling, and recreation sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand the performance and trends within the leisure and hospitality sector, which is a significant contributor to Arkansas' economy.
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 frameworks.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used by analysts to assess the health of Arkansas' consumer-driven industries and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Arkansas (ARAMUSEQGSP), retrieved from FRED.