Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arkansas
AROTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,125.10
Year-over-Year Change
-1.70%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) for other transportation equipment manufacturing in Arkansas. It is an important indicator of the state's economic activity and production in this key 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 GDP for other transportation equipment manufacturing in Arkansas provides insights into the performance and growth of this specific manufacturing industry within the state's economy. It helps economists and policymakers analyze trends, identify economic drivers, and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This metric is used by economists, businesses, and policymakers to assess the economic conditions and competitiveness of Arkansas's transportation equipment manufacturing sector.
Key Facts
- Arkansas is a major center for transportation equipment manufacturing.
- This industry accounts for a significant portion of the state's GDP.
- Real GDP growth in this sector can signal broader economic trends in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the other transportation equipment manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of a key manufacturing sector in Arkansas, which is important for understanding the state's overall economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric is used by economists, businesses, and policymakers to assess the economic conditions and competitiveness of Arkansas's transportation equipment manufacturing sector, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of this data due to the time required for collection and processing by the BEA.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arkansas (AROTRANEQMANRGSP), retrieved from FRED.