Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Arkansas
ARFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,552.40
Year-over-Year Change
-8.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the fabricated metal product manufacturing industry (NAICS 332) in the state of Arkansas. It provides insights into the performance and growth of this key manufacturing sector in the state's economy.
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 GDP for fabricated metal product manufacturing in Arkansas is a key indicator of the industry's economic output and productivity. It is used by policymakers, economists, and analysts to assess the health and competitiveness of this critical manufacturing segment within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in this metric can inform policy decisions and investments related to the manufacturing industry in Arkansas.
Key Facts
- Arkansas is a leading state for fabricated metal product manufacturing.
- This industry accounts for a significant portion of the state's economic output.
- Real GDP in this sector has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the fabricated metal product manufacturing industry (NAICS 332) in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of a key manufacturing sector in Arkansas, which is crucial for understanding the state's economic dynamics and competitiveness.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform policy decisions and investments related to the manufacturing industry in Arkansas, as it reflects the economic output and productivity of this critical sector.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as other economic indicators published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Arkansas (ARFABRMETRGSP), retrieved from FRED.