Real Gross Domestic Product: All Industry Total in Arkansas
Annual, Not Seasonally Adjusted
ARRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,208.50
Year-over-Year Change
27.09%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the annual growth rate of real gross state product (GSP) across all U.S. states and territories. It provides a comprehensive assessment of economic activity and growth at the state level.
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
Real GSP is a key measure of economic output and productivity, capturing the total value of goods and services produced within a state's economy. The Annual, Not Seasonally Adjusted data allows for state-level economic analysis and comparisons over time, informing policymakers and economists.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on reports from businesses and government agencies.
Historical Context
State-level GSP data is used to gauge regional economic performance and guide policy decisions.
Key Facts
- Real GSP grew 3.1% nationally in 2021.
- Texas had the largest real GSP of any state in 2021.
- The District of Columbia had the highest real GSP per capita in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the annual growth rate of real gross state product (GSP) across all U.S. states and territories.
Q: Why is this trend relevant for users or analysts?
A: Real GSP is a key indicator of economic activity and productivity at the state level, informing policymakers and economists on regional economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on reports from businesses and government agencies.
Q: How is this trend used in economic policy?
A: State-level GSP data is used to gauge regional economic performance and guide policy decisions at the state and local level.
Q: Are there update delays or limitations?
A: The data has a lag of several months, as it relies on comprehensive reporting from businesses and government agencies.
Related Trends
State Government Tax Collections, Hunting and Fishing Licenses in Arkansas
ARHUNTLICTAX
Other Services (except Public Administration) Earnings in Arkansas
AREOTH
Business Formations Within Four Quarters: Total for All NAICS in Arkansas
BFBF4QTOTALNSAAR
All Employees: Retail Trade in Arkansas
SMS05000004200000001
Real Gross Domestic Product: Private Goods-Producing Industries in Arkansas
ARPRIGOODPRORGSP
Housing Inventory: Median Listing Price Month-Over-Month in Arkansas
MEDLISPRIMMAR
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARRGSP), retrieved from FRED.