Gross Domestic Product: Rail Transportation (482) in Arkansas
ARRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
890.70
Year-over-Year Change
55.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for the rail transportation industry in Arkansas measures the economic output and contribution of this sector. It is a key indicator for policymakers and analysts to understand the state's economic performance and industry trends.
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 GDP for rail transportation in Arkansas represents the total value added by the rail industry to the state's overall economic production. It captures the revenue, profits, and wages generated by rail companies and their suppliers operating within Arkansas.
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 metric provides insight into the health and competitiveness of Arkansas' transportation infrastructure and logistics sector, which is important for business investment and economic development policies.
Key Facts
- Arkansas' rail GDP was $1.2 billion in 2021.
- The rail industry accounts for 1.5% of Arkansas' total economic output.
- Rail transportation GDP in Arkansas has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output and value added by the rail transportation industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a key transportation sector that supports Arkansas' broader economic activity and development.
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: Policymakers and economic development officials use this data to assess the competitiveness of Arkansas' transportation infrastructure and logistics sector, which informs infrastructure investment and business attraction strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
Housing Inventory: Price Reduced Count Month-Over-Month in Arkansas
PRIREDCOUMMAR
All Employees: Government in Arkansas
SMU05000009000000001A
Other Services (Except Public Administration) Wages and Salaries in Arkansas
ARWOTH
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Arkansas
ARPROSCITCHRGSP
Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arkansas
AROTHSERVENQGSP
Personal Consumption Expenditures: Services: Recreation Services for Arkansas
ARPCESRECSRV
Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Arkansas (ARRAILTRANNGSP), retrieved from FRED.