Gross Domestic Product: Manufacturing (31-33) in Arkansas
ARMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,400.20
Year-over-Year Change
11.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Manufacturing (31-33) in Arkansas measure the total economic output of the manufacturing sector in the state. This data is crucial for understanding the health and competitiveness of Arkansas's industrial 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
This series tracks the total value added by the manufacturing industry in Arkansas, including production of durable and nondurable goods. Economists and policymakers use this data to assess the state's economic performance, plan policies, and identify opportunities for growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and other economic indicators.
Historical Context
This manufacturing GDP metric is closely watched by state officials, business leaders, and market analysts to gauge Arkansas's economic conditions and competitiveness.
Key Facts
- Manufacturing accounts for over 12% of Arkansas's total GDP.
- Durable goods production makes up the largest share of Arkansas's manufacturing output.
- Arkansas manufacturing GDP has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the manufacturing sector in the state of Arkansas, including both durable and nondurable goods production.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing GDP data is crucial for understanding the health and competitiveness of Arkansas's industrial economy, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and other economic indicators.
Q: How is this trend used in economic policy?
A: State officials, business leaders, and market analysts closely monitor this manufacturing GDP metric to gauge Arkansas's economic conditions and competitiveness, informing policies and strategies to support industrial growth.
Q: Are there update delays or limitations?
A: The manufacturing GDP data for Arkansas is published quarterly with a lag of several months, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Manufacturing (31-33) in Arkansas (ARMANNQGSP), retrieved from FRED.