Real Gross Domestic Product: Construction (23) in Arkansas
ARCONSTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,420.80
Year-over-Year Change
3.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Construction (23) in Arkansas' measures the inflation-adjusted economic output of the construction industry in Arkansas. This metric is important for analyzing the state's economic growth and infrastructure investment.
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
This series represents the real, chained-dollar value added to the Arkansas Gross State Product (GSP) by the construction industry. It provides insights into the state's construction activity and overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
Policymakers and economists use this trend to evaluate the construction sector's contribution to Arkansas' economic development.
Key Facts
- Arkansas' construction GDP grew by 3.2% in 2021.
- Construction accounts for over 4% of Arkansas' total economic output.
- The state's construction industry employs more than 80,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value added to Arkansas' Gross State Product by the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of Arkansas' construction sector, which is a key driver of the state's economic growth and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the construction sector's contribution to Arkansas' overall economic development and to inform infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Construction (23) in Arkansas (ARCONSTRQGSP), retrieved from FRED.