Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas
ARFININSREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,506.60
Year-over-Year Change
12.90%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing industries in Arkansas. It provides important insights into the performance and growth of these key economic sectors 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: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas series represents the inflation-adjusted, market-based output of these industries, which are vital components of the state's economy. Economists and policymakers use this data to analyze economic conditions and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, investors, and businesses to assess the overall health and competitiveness of Arkansas's economy.
Key Facts
- Arkansas's finance, insurance, real estate, rental, and leasing industries account for over 20% of the state's GDP.
- This sector has experienced steady growth in recent years, outpacing the national average.
- The performance of these industries is a key indicator of the broader economic conditions in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of key economic sectors in Arkansas, which is valuable information for policymakers, investors, and businesses.
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: This trend is closely monitored by policymakers to assess the overall health and competitiveness of Arkansas's economy, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with occasional revisions to account for new information. There may be some lags in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas (ARFININSREALRGSP), retrieved from FRED.