Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Arkansas
ARCPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.90
Year-over-Year Change
-25.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in Arkansas. It provides insights into the economic performance and productivity of this key 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: Computer and Electronic Product Manufacturing (334) in Arkansas series tracks the inflation-adjusted value added by the computer and electronic product manufacturing industry to the state's overall economic output. This metric is used by economists and policymakers to analyze industrial trends and the relative competitiveness of Arkansas's technology manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is closely monitored by state and federal officials to inform policy decisions related to manufacturing, trade, and technology-driven economic development.
Key Facts
- Arkansas's computer and electronic product manufacturing industry accounts for over 10% of the state's total GDP.
- This sector has experienced steady growth, with real GDP increasing by 25% over the past decade.
- The state's favorable business climate and skilled workforce have attracted major technology companies to establish operations in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: The performance of Arkansas's computer and electronics manufacturing sector is a key indicator of the state's overall economic competitiveness and technological capabilities, making this trend important for policymakers, industry analysts, and investors.
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: State and federal officials closely monitor this indicator to inform policy decisions related to manufacturing, trade, and technology-driven economic development initiatives in Arkansas.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of approximately 3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Arkansas (ARCPUELCPMANRGSP), retrieved from FRED.