Real Gross Domestic Product: Primary Metal Manufacturing (331) in Arkansas
ARPRIMETMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,075.90
Year-over-Year Change
378.41%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the primary metal manufacturing industry in Arkansas. It is a key indicator of the state's industrial activity and 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 Real Gross Domestic Product: Primary Metal Manufacturing (331) in Arkansas series tracks the inflation-adjusted output of the primary metal manufacturing sector, which includes establishments that melt, refine, and alloy ferrous and nonferrous metals. This data provides insights into the health and productivity of a crucial manufacturing industry in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Economists and policymakers use this metric to assess the strength of Arkansas' industrial base and make informed decisions about economic development strategies.
Key Facts
- Arkansas is a major producer of primary metals like steel and aluminum.
- The primary metal manufacturing industry accounts for a significant portion of the state's GDP.
- This trend data is seasonally adjusted and reported on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the primary metal manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of a key manufacturing sector in Arkansas, which is crucial for understanding the state's overall economic health and industrial base.
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 accounting frameworks.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of Arkansas' industrial base and make informed decisions about economic development strategies.
Q: Are there update delays or limitations?
A: This data is reported on a quarterly basis and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Primary Metal Manufacturing (331) in Arkansas (ARPRIMETMANRGSP), retrieved from FRED.