Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arkansas
ARSECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
555.00
Year-over-Year Change
-5.06%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities industry in Arkansas. It is an important indicator of the state's financial sector performance.
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 Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arkansas series tracks the inflation-adjusted economic output of this industry within the state. It provides insights into the health and growth of Arkansas's financial services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
This economic trend is used by policymakers, analysts, and businesses to understand the dynamics of Arkansas's financial sector and its contribution to the state's overall economic performance.
Key Facts
- The financial services industry accounts for over 5% of Arkansas's GDP.
- Real GDP for this sector has grown by 2.5% on average over the past 5 years.
- Arkansas ranks 32nd among U.S. states for financial sector economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product for the securities, commodity contracts, and other financial investments and related activities industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of Arkansas's financial services sector, which is an important contributor to 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 established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this trend to understand the dynamics of Arkansas's financial sector and its contribution to the state's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in observing the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arkansas (ARSECCOMINVRGSP), retrieved from FRED.