Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Arkansas
ARAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
476.20
Year-over-Year Change
54.86%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in Arkansas. It is an important indicator of the performance and growth of the state's leisure and hospitality 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 Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Arkansas series tracks the inflation-adjusted output of this subsector within the state's economy. It provides insight into consumer spending and economic activity related to entertainment, tourism, and recreational services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric helps policymakers and businesses analyze the strength and dynamics of Arkansas' leisure and hospitality industry.
Key Facts
- The amusement, gambling, and recreation industries account for over 4% of Arkansas' total GDP.
- This sector has seen steady growth of around 3% annually over the past decade.
- Tourism is a major driver of economic activity in this industry for the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and growth of Arkansas' leisure and hospitality sector, which is an important contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to analyze the strength and dynamics of Arkansas' entertainment, tourism, and recreational services industries.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several quarters and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Arkansas (ARAMUSERGSP), retrieved from FRED.