Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Arkansas
ARNMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322.70
Year-over-Year Change
-16.31%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry (NAICS 327) in the state of Arkansas. It provides insight into the productivity and growth of this important manufacturing sector.
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: Nonmetallic Mineral Product Manufacturing (327) in Arkansas series tracks the inflation-adjusted total output of businesses in this industry, which includes the production of items like glass, cement, and ceramics. This metric is a key indicator of economic activity and competitiveness within this manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This industry-level GDP data informs policymakers and analysts about the performance and dynamics of Arkansas' manufacturing economy.
Key Facts
- Arkansas is a leading producer of cement, crushed stone, and other nonmetallic mineral products.
- This industry accounted for over $2 billion in GDP for Arkansas in 2021.
- Nonmetallic mineral manufacturing has been a relatively stable component of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the nonmetallic mineral product manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP data provides important insights into the productivity and competitiveness of a key manufacturing sector in the Arkansas economy.
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 principles.
Q: How is this trend used in economic policy?
A: This GDP data for the nonmetallic mineral manufacturing industry informs policymakers and analysts about the performance and dynamics of Arkansas' broader manufacturing economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most up-to-date economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Arkansas (ARNMMPMANRGSP), retrieved from FRED.