Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arkansas
ARDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,471.20
Year-over-Year Change
9.99%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the durable goods manufacturing sector in Arkansas, which includes industries such as machinery, electronics, and transportation equipment.
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 durable goods manufacturing GDP is a key indicator of the economic health and competitiveness of Arkansas's manufacturing base. It provides insights into the state's industrial output, investment, and export potential.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and businesses use this trend to assess Arkansas's manufacturing competitiveness and guide economic development strategies.
Key Facts
- Arkansas's durable goods manufacturing GDP was $11.3 billion in 2020.
- This sector accounts for over 10% of Arkansas's total economic output.
- Transportation equipment is the largest durable goods industry in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the durable goods manufacturing sector in Arkansas, which includes industries such as machinery, electronics, and transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: The durable goods manufacturing GDP is a key indicator of the economic health and competitiveness of Arkansas's manufacturing base, providing insights into the state's industrial output, investment, and export potential.
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 trend to assess Arkansas's manufacturing competitiveness and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arkansas (ARDURMANNQGSP), retrieved from FRED.