Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arkansas
AROTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,235.30
Year-over-Year Change
126.66%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arkansas' measures the economic output of the transportation and related support 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 economic trend provides insight into the performance of the transportation and logistics sector in Arkansas, which is a key component of the state's economy. The data can help policymakers and analysts understand how this industry is contributing to overall economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its GDP by state estimates.
Historical Context
This economic indicator is used by government agencies, businesses, and researchers to analyze Arkansas' economic trends and conditions.
Key Facts
- Arkansas' transportation and support activities sector contributed $4.2 billion to the state's GDP in 2021.
- This industry grew by 3.5% in Arkansas between 2020 and 2021.
- Transportation and logistics account for approximately 5% of Arkansas' total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the transportation and related support activities industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance of a key sector of the Arkansas economy, which can inform policymaking, business planning, and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by state estimates.
Q: How is this trend used in economic policy?
A: Government agencies, businesses, and researchers use this indicator to analyze Arkansas' economic conditions and trends, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arkansas (AROTHTRANNGSP), retrieved from FRED.