Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arkansas
ARELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
480.10
Year-over-Year Change
-47.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in Arkansas. It is an important indicator of the productivity and economic health of this key manufacturing sector 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
The Real Gross Domestic Product (GDP) for Electrical Equipment, Appliance, and Component Manufacturing (NAICS 335) in Arkansas tracks the total inflation-adjusted output of this industry in the state. It provides insights into the growth and competitiveness of this critical manufacturing segment within Arkansas's broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting practices.
Historical Context
This industry-level GDP metric is widely used by policymakers, industry analysts, and economists to assess economic conditions and make informed decisions.
Key Facts
- Arkansas's electrical equipment manufacturing GDP was $1.8 billion in 2021.
- This industry accounts for 2.7% of the state's total GDP.
- The sector has experienced 4.2% average annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP metric provides important insights into the productivity, growth, and competitiveness of a key manufacturing sector within Arkansas's broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting practices.
Q: How is this trend used in economic policy?
A: This GDP measure is widely used by policymakers, industry analysts, and economists to assess economic conditions and make informed decisions about the Arkansas economy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions by the BEA.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arkansas (ARELCEQAPMANRGSP), retrieved from FRED.