Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Arkansas
ARFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.05
Year-over-Year Change
-8.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the real output of the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) industry in Arkansas. This metric provides insight into the economic performance and productivity of the state's financial services sector.
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 Chain-Type Quantity Index tracks the real volume of goods and services produced by the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services industry in Arkansas. Economists and policymakers use this data to assess the health and growth dynamics of the state's financial services industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using reported industry information.
Historical Context
This metric informs policy decisions and market analysis related to the financial services industry in Arkansas.
Key Facts
- The index has a base year of 2012.
- The financial services industry accounts for over 6% of Arkansas's total GDP.
- The index reached its highest point in 2021 at 108.16.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP measures the real output or production volume of the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth dynamics of the financial services sector in Arkansas, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using reported industry information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health and growth of Arkansas's financial services industry, which informs policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some lag in availability compared to real-time industry conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Arkansas (ARFRBCIQGSP), retrieved from FRED.