Gross Domestic Product: Pipeline Transportation (486) in Arkansas
ARPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.40
Year-over-Year Change
35.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Pipeline Transportation (486) in Arkansas measures the economic output of the pipeline transportation industry in the state. This metric is crucial for understanding the role of energy infrastructure in Arkansas's overall economic performance.
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 Gross Domestic Product: Pipeline Transportation (486) in Arkansas represents the value added by the pipeline transportation sector to the state's gross domestic product. This data point provides insights into the relative importance of energy logistics within Arkansas's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP by industry estimates.
Historical Context
Policymakers and industry analysts use this metric to assess the economic impact of energy infrastructure and guide investment decisions.
Key Facts
- Arkansas's pipeline transportation GDP was $1.2 billion in 2021.
- The sector accounts for 0.8% of the state's total economic output.
- Pipeline transportation GDP in Arkansas has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Pipeline Transportation (486) in Arkansas measures the economic output of the pipeline transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the importance of energy infrastructure to Arkansas's overall economic performance, which is crucial for policymakers and industry analysts.
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 their regional GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the economic impact of energy infrastructure and guide investment decisions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Arkansas (ARPIPETRANNGSP), retrieved from FRED.