Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arkansas
ARPIPETRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.39
Year-over-Year Change
-17.34%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arkansas measures the real (inflation-adjusted) output of the pipeline transportation industry in the state. This indicator provides insight into the production and economic activity within this critical energy infrastructure 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
This index tracks the quantity of goods and services produced by the pipeline transportation industry in Arkansas, adjusting for price changes over time. It is a key indicator of economic performance and productivity within this important transportation and logistics segment.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
Policymakers and industry analysts monitor this index to assess the health and trends in Arkansas' energy infrastructure and transportation networks.
Key Facts
- Arkansas' pipeline transportation industry accounts for over 1% of the state's total GDP.
- The index has grown by 15% over the past decade, reflecting expanded energy infrastructure.
- Pipeline transportation is a crucial enabler of Arkansas' oil, gas, and petrochemical sectors.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arkansas measures the real, inflation-adjusted output of the pipeline transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and productivity of Arkansas' critical energy transportation infrastructure, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this index to assess the health and trends in Arkansas' energy infrastructure and transportation networks, which informs economic development and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arkansas (ARPIPETRANQGSP), retrieved from FRED.