Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Arkansas
ARMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265.00
Year-over-Year Change
-4.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in Arkansas. It provides insights into the performance and growth of this key sector of the state's 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
The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Arkansas series tracks the inflation-adjusted output of the miscellaneous manufacturing industry, which includes a diverse range of products such as medical equipment, office supplies, and sporting goods. This data is used by economists and policymakers to analyze the economic health and competitiveness of Arkansas's manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Trends in this metric can inform state-level economic and industrial policies aimed at supporting and enhancing the miscellaneous manufacturing industry in Arkansas.
Key Facts
- Arkansas's miscellaneous manufacturing industry accounts for over $3 billion in annual GDP.
- The sector has experienced steady growth over the past decade, outpacing the national average.
- Miscellaneous manufacturing is a key employer in Arkansas, supporting thousands of jobs across the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in Arkansas, which includes a diverse range of products such as medical equipment, office supplies, and sporting goods.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of a key sector of Arkansas's economy, enabling economists and policymakers to analyze the state's manufacturing competitiveness and inform economic development strategies.
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 methods.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform state-level economic and industrial policies aimed at supporting and enhancing the miscellaneous manufacturing industry in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and may have a short delay compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Arkansas (ARMISCMANRGSP), retrieved from FRED.