Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arkansas
ARRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.44
Year-over-Year Change
24.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arkansas measures the real output of the retail trade sector in Arkansas, adjusted for inflation. This metric is important for economists and policymakers to understand the state's economic growth and consumer demand 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 Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arkansas tracks the real, inflation-adjusted output of the retail trade industry within the state. This index provides insight into the volume of economic activity in the retail sector, which is a key driver of overall state GDP.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on retail sales and prices.
Historical Context
Economists and policymakers use this index to gauge the health of Arkansas' consumer economy and make informed decisions.
Key Facts
- Arkansas' retail trade sector accounts for over 10% of state GDP.
- The retail trade index has grown by 25% in the past decade.
- Consumer spending is a major driver of Arkansas' economic performance.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the retail trade sector in Arkansas. It provides insight into the volume of economic activity in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Arkansas' economic growth and consumer demand trends, which are crucial for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using data on retail sales and prices.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to gauge the health of Arkansas' consumer economy and make informed decisions about economic policies and investments.
Q: Are there update delays or limitations?
A: This index is updated quarterly by the U.S. Bureau of Economic Analysis. There may be a several-month delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arkansas (ARRETAILQQGSP), retrieved from FRED.