Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Arkansas
ARMOTPICSNDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.27
Year-over-Year Change
19.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Arkansas measures the real output of the motion picture and sound recording industries in the state.
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 real, inflation-adjusted GDP contribution of the motion picture and sound recording industries in Arkansas. It is a key indicator of economic activity and productivity in this sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Historical Context
Policymakers and industry analysts use this index to assess the performance and trends within Arkansas's motion picture and recording industries.
Key Facts
- The index uses 2012 as the base year.
- Arkansas's motion picture and recording industries account for over 1% of the state's total GDP.
- The index experienced a sharp decline during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the motion picture and sound recording industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and productivity in Arkansas's motion picture and recording industries, which are an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to assess the performance and trends within Arkansas's motion picture and recording industries, which can inform economic development and policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and revisions to previous periods, as is common with economic indicators.
Related Trends
All Employees: Construction: Specialty Trade Contractors in Arkansas
SMU05000002023800001
Average Weekly Earnings of All Employees: Financial Activities in Arkansas
SMU05000005500000011
Chain-Type Quantity Index for Real GDP: Social Assistance (624) in Arkansas
ARSOCASSQGSP
Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas
ARQGSP
Real Gross Domestic Product: Private Goods-Producing Industries in Arkansas
ARPRIGOODPRORGSP
Average Hourly Earnings of All Employees: Construction in Arkansas
SMU05000002000000003A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Arkansas (ARMOTPICSNDQGSP), retrieved from FRED.