Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Arkansas
ARRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.62
Year-over-Year Change
57.65%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Arkansas measures the volume of economic output in this sector within the state.
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 index tracks the real (inflation-adjusted) quantity of goods and services produced by the rental, leasing, and intangible asset management industries in Arkansas. It is a key indicator of economic activity and productivity in this important services sector.
Methodology
The data is collected through surveys of businesses and calculated using a chain-weighted formula to account for price changes over time.
Historical Context
Policymakers and analysts use this metric to assess the health and growth of Arkansas' services economy.
Key Facts
- The index has a base year of 2012 = 100.
- Arkansas' rental and leasing sector accounts for over 2% of total state GDP.
- The index increased by 3.2% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of the rental, leasing, and intangible asset management industries in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the performance and productivity of an important services sector within the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated using a chain-weighted formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and growth of Arkansas' services economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Housing Inventory: Median Days on Market in Arkansas
MEDDAYONMARAR
All Employees: Financial Activities: Finance and Insurance in Arkansas
SMU05000005552000001
Gross Domestic Product: Waste Management and Remediation Services (562) in Arkansas
ARWASTENGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Arkansas
EMISSCO2CRFEIBARA
Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Arkansas
ARPCECLTH
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Arkansas
EMISSCO2CHLICBARA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Arkansas (ARRENTQGSP), retrieved from FRED.