Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arkansas
AROTRANEQMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.30
Year-over-Year Change
-1.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the real output of the Other Transportation Equipment Manufacturing industry in Arkansas. This metric provides valuable insights into the productivity and economic conditions 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 Chain-Type Quantity Index for Real GDP is a measure of the real output of the Other Transportation Equipment Manufacturing industry, which includes the production of aerospace products, railroad rolling stock, and other transportation equipment. This index is a useful indicator of the industry's economic performance and can inform policymakers and analysts about broader economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real output.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor the health and competitiveness of the transportation equipment manufacturing sector in Arkansas.
Key Facts
- Arkansas is a major hub for transportation equipment manufacturing.
- The sector accounts for a significant portion of the state's GDP.
- Output levels are closely watched by policymakers and industry analysts.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP measures the real output of the Other Transportation Equipment Manufacturing industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and economic conditions of this important manufacturing sector, which is a key driver of economic activity in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real output.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and industry analysts to monitor the health and competitiveness of the transportation equipment manufacturing sector in Arkansas, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and revisions common to economic statistics published by the U.S. government.
Related Trends
Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Arkansas
ARPETCOALMANNGSP
Estimated Percent of People of All Ages in Poverty for Arkansas
PPAAAR05000A156NCEN
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Arkansas
ARCPUSYSDSGNRGSP
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arkansas
ARWARESTORQGSP
Gross Domestic Product: Oil and Gas Extraction (211) in Arkansas
AROILGASNGSP
All Employees: Government: Local Government Educational Services in Arkansas
SMU05000009093161101
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arkansas (AROTRANEQMANQGSP), retrieved from FRED.