Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas
ARGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.18
Year-over-Year Change
4.01%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas measures the real output of the government sector in the state. This metric is crucial for economists and policymakers to assess the economic performance and productivity of the public 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
This index tracks the volume of goods and services produced by government entities in Arkansas, adjusted for inflation. It provides a more accurate representation of the government's economic contribution compared to nominal GDP, which can be skewed by price changes.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output.
Historical Context
Trends in this index are analyzed by policymakers to understand the role of government in the state's economy and inform budgetary and fiscal decisions.
Key Facts
- The index is based on 2012 as the reference year.
- Government and government enterprises account for about 12% of Arkansas's total real GDP.
- The index has shown steady growth in recent years, indicating expanding public sector output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the government and government enterprises sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the role and performance of the public sector in the state's economy, which is crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output.
Q: How is this trend used in economic policy?
A: Trends in this index are analyzed by policymakers to inform budgetary and fiscal decisions related to the government's economic role and performance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas (ARGOVQQGSP), retrieved from FRED.