Gross Domestic Product: Primary Metal Manufacturing (331) in Arkansas
ARPRIMETMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,563.10
Year-over-Year Change
211.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by the primary metal manufacturing industry in the state of Arkansas. It provides insight into the performance and contribution of this key manufacturing sector to the state's overall economic activity.
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: Primary Metal Manufacturing (331) in Arkansas series tracks the total value of goods and services produced by the primary metal manufacturing industry in Arkansas. This data is used by economists and policymakers to analyze the economic health and competitiveness of this important manufacturing segment within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is relevant for understanding the state of Arkansas's industrial base and identifying potential areas for policy intervention or investment.
Key Facts
- Arkansas's primary metal manufacturing industry accounts for over $1 billion in GDP.
- This sector has seen steady growth over the past decade.
- Primary metal manufacturing makes up around 5% of Arkansas's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the primary metal manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of a key manufacturing sector within the Arkansas economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state of Arkansas's industrial base and identifying potential areas for policy intervention or investment to support the primary metal manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reported period, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Primary Metal Manufacturing (331) in Arkansas (ARPRIMETMANNGSP), retrieved from FRED.