Real Gross Domestic Product: Real Estate (531) in Arkansas
ARREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,161.50
Year-over-Year Change
14.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Real Estate (531) in Arkansas' measures the economic output of the real estate sector in Arkansas, adjusted for inflation. This statistic is crucial for understanding the state's economic performance and dynamics.
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 series tracks the real, inflation-adjusted gross domestic product (GDP) generated by the real estate industry in Arkansas. It provides insights into the strength and trends within this key sector of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Historical Context
Policymakers and analysts use this metric to gauge the health and competitiveness of Arkansas' real estate market and its contribution to the broader state economy.
Key Facts
- Arkansas' real estate GDP was $15.8 billion in 2020.
- The real estate sector accounts for over 12% of Arkansas' total economic output.
- Real estate GDP in Arkansas has grown by 3.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by the real estate industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of Arkansas' real estate sector, which is a critical component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the competitiveness and contribution of the real estate industry to Arkansas' economy, informing policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 quarter delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Arkansas (ARREALRGSP), retrieved from FRED.