Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas
ARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.64
Year-over-Year Change
27.09%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas measures the total real economic output of all industries in the state. This trend is a key indicator of Arkansas's overall economic health and productivity.
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 for Real GDP: All Industry Total in Arkansas tracks the total real economic output of all industries within the state, adjusted for inflation. It provides a comprehensive measure of the state's economic performance and is widely used by policymakers, analysts, and businesses to gauge Arkansas's economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is a crucial input for policymakers and economists assessing the economic performance and outlook for Arkansas.
Key Facts
- The base year for the index is 2012.
- Arkansas's real GDP grew by 2.8% in 2021.
- The index reached a record high of 116.76 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas measures the total real economic output of all industries within the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of Arkansas's overall economic health and productivity, and is widely used by policymakers, analysts, and businesses to gauge the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This index is a crucial input for policymakers and economists assessing the economic performance and outlook for Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas (ARQGSP), retrieved from FRED.