Gross Domestic Product: All Industry Total in Arkansas
ARNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196,283.80
Year-over-Year Change
20.46%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product (GDP): All Industry Total in Arkansas measures the total economic output of all industries in the state. It is a key indicator of Arkansas's economic health and performance.
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
GDP: All Industry Total represents the sum of value added across all economic sectors in Arkansas, including agriculture, manufacturing, services, and more. Economists and policymakers use this data to analyze the state's overall economic activity and growth trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This GDP metric provides important context for assessing Arkansas's economic conditions and guiding state-level policy decisions.
Key Facts
- Arkansas's GDP totaled $142 billion in 2021.
- GDP growth in Arkansas averaged 2.3% annually from 2010-2020.
- The manufacturing sector accounts for the largest share of Arkansas's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP): All Industry Total in Arkansas measures the total economic output of all industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric provides important insights into Arkansas's overall economic health and performance, which is valuable for policymakers, businesses, and researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers use this GDP data to assess Arkansas's economic conditions and guide state-level policy decisions.
Q: Are there update delays or limitations?
A: The GDP data for Arkansas is typically published on a quarterly basis with a few months' delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: All Industry Total in Arkansas (ARNQGSP), retrieved from FRED.