Gross Domestic Product: Private Industries in Arkansas
Quarterly, Seasonally Adjusted Annual Rate
ARPINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174,647.00
Year-over-Year Change
21.16%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (ARPINQGSP) measures the annualized rate of change in real gross state product (GSP) on a quarterly basis. It is an important indicator of overall economic health and activity at the state level.
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 Quarterly, Seasonally Adjusted Annual Rate represents the seasonally adjusted, annualized quarter-over-quarter percent change in real gross state product (GSP) for the United States. GSP is a measure of the total economic output of each state and is closely monitored by economists and policymakers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This trend is used to assess the economic performance and growth of individual states, as well as the broader U.S. economy.
Key Facts
- The trend is reported on a quarterly basis.
- The data is seasonally adjusted to account for cyclical variations.
- The annualized rate provides a standardized measure for comparing economic growth across time periods.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (ARPINQGSP) measures the annualized rate of change in real gross state product (GSP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of overall economic health and activity at the state level, providing insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: This trend is used to assess the economic performance and growth of individual states, as well as the broader U.S. economy, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with some potential for delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ARPINQGSP), retrieved from FRED.