Finance and Insurance Earnings in Arkansas
AREFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,666,037.00
Year-over-Year Change
18.15%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Earnings in Arkansas' trend measures the total earnings in the finance and insurance sector within the state of Arkansas. This data is crucial for economists and policymakers to analyze the economic performance and growth of the financial services industry in the state.
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 total wage and salary accruals earned by employees in the finance and insurance industries located in Arkansas. It is an important indicator of the size and health of the financial services sector in the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Historical Context
Tracking this trend helps policymakers and market analysts understand the dynamics of the financial services industry and its impact on the broader Arkansas economy.
Key Facts
- Arkansas has a large and growing finance and insurance sector.
- The sector accounts for over 5% of the state's total GDP.
- Finance and insurance earnings have grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Finance and Insurance Earnings in Arkansas' trend measures the total earnings, including wages and salaries, of employees in the finance and insurance industries located within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the size and performance of the financial services sector in Arkansas, which is a key driver of the state's economy. It provides valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies in Arkansas.
Q: How is this trend used in economic policy?
A: Tracking this trend helps policymakers and analysts understand the dynamics of the finance and insurance industry in Arkansas and its impact on the broader state economy, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag and may be subject to revisions as more information becomes available.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Arkansas
ARPCEPCLRPTSLSGSNPIS
Chain-Type Quantity Index for Real GDP: Legal Services (5411) in Arkansas
ARLEGALQGSP
Personal Consumption Expenditures: Goods for Arkansas
ARPCEG
Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Arkansas
EMISSCO2CRFEIBARA
Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Arkansas
ARFABRMETRGSP
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arkansas
ARRERENTLEARGSP
Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Arkansas (AREFIN), retrieved from FRED.