Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Arkansas
ARPAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.59
Year-over-Year Change
-37.65%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Arkansas measures the volume of economic output for the paper manufacturing industry in Arkansas. This metric is important for economists and policymakers to understand regional production trends and industry-specific economic conditions.
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 index tracks changes in the real, inflation-adjusted quantity of goods and services produced by the paper manufacturing industry in Arkansas. It is a key indicator of the industry's economic performance and can provide insights into factors driving regional economic growth or decline.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
Policymakers and analysts use this metric to assess the health of Arkansas's manufacturing sector and its contribution to the state's overall economic activity.
Key Facts
- Arkansas is a major U.S. producer of paper products.
- The paper manufacturing industry accounts for over 10,000 jobs in the state.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the paper manufacturing industry in Arkansas. It tracks changes in the physical quantity of goods produced rather than just the dollar value.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance of a key manufacturing sector in Arkansas, which can inform business planning, investment decisions, and policy considerations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production figures and price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health of Arkansas's manufacturing base and its contribution to the state's overall economic activity, which can inform decisions around economic development, workforce training, and industry support programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions. Additionally, the index only covers the paper manufacturing industry and does not represent the full breadth of Arkansas's economy.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Arkansas (ARPAPMANQGSP), retrieved from FRED.