Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Arkansas
ARNATRESMINRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,959.20
Year-over-Year Change
15.93%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) generated by the natural resources and mining sectors in Arkansas. It provides insight into the economic importance of these 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
The Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Arkansas metric tracks the inflation-adjusted economic output of the natural resources and mining industries within the state. This data point is useful for analyzing the role these sectors play in Arkansas's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this trend to assess the economic impact and growth potential of Arkansas's natural resources and mining industries.
Key Facts
- Arkansas's natural resources and mining sectors account for a significant portion of the state's GDP.
- This trend has shown steady growth in recent years, indicating the importance of these industries to the state's economy.
- The data is collected monthly and published by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the natural resources and mining sectors in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic importance of the natural resources and mining industries in Arkansas, which is useful for policymakers and economists analyzing the state's 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.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the economic impact and growth potential of Arkansas's natural resources and mining industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on the performance of these industries in Arkansas.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Arkansas (ARNATRESMINRGSP), retrieved from FRED.