Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Arkansas
Quarterly, Seasonally Adjusted Annual Rate
ARPROBUSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,887.20
Year-over-Year Change
17.57%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' metric measures the annualized growth rate of real gross state product (GSP) on a quarterly basis, adjusted for seasonal variations.
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 economic indicator provides insight into the overall health and performance of U.S. state economies. It is a key measure used by economists and policymakers to assess regional economic trends and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and economic models.
Historical Context
Quarterly GSP growth rates are closely monitored by government agencies, businesses, and financial analysts to gauge state-level economic conditions.
Key Facts
- Covers all 50 U.S. states and the District of Columbia.
- Reported on a quarterly basis since 2005.
- Helps identify regional economic strengths and weaknesses.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annualized growth rate of real gross state product (GSP) on a quarterly basis, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GSP growth rates provide important insights into the overall health and performance of state-level economies, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and economic models.
Q: How is this trend used in economic policy?
A: Government agencies, businesses, and financial analysts closely monitor quarterly GSP growth rates to gauge state-level economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a slight delay to allow for data collection and processing.
Related Trends
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Spliced Business Formations Within Eight Quarters: Total for All NAICS in Arkansas
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Real Median Household Income in Arkansas
MEHOINUSARA672N
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ARNMPRPPALL
Real Gross Domestic Product: Private Industries in Arkansas
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ARPROBUSRQGSP), retrieved from FRED.