Chain-Type Quantity Index for Real GDP: Information (51) in Arkansas
ARINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.02
Year-over-Year Change
21.11%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Arkansas measures the real output of the information industry in Arkansas, adjusted for inflation. It is a key indicator of economic activity and productivity in the state's technology and telecommunications sectors.
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 quantity of real (inflation-adjusted) gross domestic product generated by the information industry in Arkansas. It is used by economists and policymakers to analyze trends in the state's knowledge-based economy and guide investments in technology infrastructure.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Historical Context
The information industry index provides insight into the performance and competitiveness of Arkansas' high-tech sectors, which are critical for economic growth and diversification.
Key Facts
- Arkansas' information industry GDP index has grown by 39% since 2005.
- The information sector accounts for 7.2% of Arkansas' total economic output.
- Technology and telecommunications are priority industries for economic development in Arkansas.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Information (51) in Arkansas measures the real, inflation-adjusted output of the information industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the performance and competitiveness of Arkansas' high-tech, knowledge-based industries, which are critical drivers of economic growth and diversification.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the information industry index to analyze trends in Arkansas' technology and telecommunications sectors and guide investments in relevant infrastructure and workforce development.
Q: Are there update delays or limitations?
A: The index data is released quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Arkansas (ARINFOQQGSP), retrieved from FRED.