Gross Domestic Product: All Industry Total in Arkansas
Annual, Not Seasonally Adjusted
ARNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188,723.10
Year-over-Year Change
73.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the annual growth rate of real gross state product, which reflects the overall economic performance of U.S. states. This data is important for policymakers and analysts to assess regional economic conditions.
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 Annual, Not Seasonally Adjusted trend provides a broad indicator of economic activity at the state level. It is used to track changes in real output, identify regional growth patterns, and compare the economic performance of different states over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on state GDP figures.
Historical Context
This trend is widely referenced by economists, government agencies, and businesses to inform economic policy and investment decisions.
Key Facts
- Real gross state product grew 2.5% in 2021.
- Texas had the fastest annual growth rate at 4.8%.
- The Northeast region saw the slowest growth at 1.9%.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the annual growth rate of real gross state product, which is a comprehensive indicator of economic activity at the state level.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for policymakers, businesses, and economists to assess regional economic conditions, identify growth patterns, and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on state GDP figures.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by government agencies, economists, and businesses to inform economic policy, investment decisions, and assessments of regional economic performance.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Gross Domestic Product: Chemical Manufacturing (325) in Arkansas
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AROTHSERVENGSP
Average Hourly Earnings of All Employees: Financial Activities in Arkansas
SMU05000005500000003A
Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Arkansas
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Average Weekly Hours of Production Employees: Manufacturing in Arkansas
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARNGSP), retrieved from FRED.