Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Arkansas
ARPRFRMSPRTMSMQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.41
Year-over-Year Change
105.90%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the performing arts, spectator sports, museums, and related activities sector in Arkansas. It provides insights into the performance and growth of these industries within the state's economy.
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 chain-type quantity index tracks the real, inflation-adjusted output of the performing arts, spectator sports, museums, and related activities sector in Arkansas. This metric is used by economists and policymakers to analyze the productivity and contribution of these industries to the state's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic reports.
Historical Context
This trend is relevant for understanding the health and competitiveness of Arkansas's leisure and entertainment industries, which are important contributors to the state's economy.
Key Facts
- The index has a base year of 2012.
- This sector accounts for over 2% of Arkansas's total GDP.
- The index has grown by 12% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the performing arts, spectator sports, museums, and related activities sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of Arkansas's leisure and entertainment industries, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic reports.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the productivity and contribution of the performing arts, spectator sports, museums, and related activities sector to Arkansas's overall economic growth.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some delays in reporting due to the nature of the underlying surveys and economic reports.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Arkansas (ARPRFRMSPRTMSMQGSP), retrieved from FRED.