Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas
ARMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,573.80
Year-over-Year Change
113.90%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas tracks the economic output of the management sector in the state. This metric is a key indicator of business investment and productivity in Arkansas.
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 Management of Companies and Enterprises industry includes firms that oversee and manage other companies. This trend provides insight into the role of corporate administration and head offices within the broader Arkansas economy.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this metric to assess the business climate and competitiveness of Arkansas relative to other states.
Key Facts
- Arkansas ranked 29th among U.S. states for management sector GDP in 2021.
- Management of Companies and Enterprises accounted for 2.7% of Arkansas's total GDP in 2021.
- This industry grew by 5.3% in Arkansas between 2020 and 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the Management of Companies and Enterprises industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and performance of the corporate administration and head office sector in Arkansas, which is an important driver of business investment and economic growth in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business climate and competitiveness of Arkansas relative to other states, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas (ARMNGCOENTPRNGSP), retrieved from FRED.