Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Arkansas
ARTRADEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.34
Year-over-Year Change
33.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Arkansas measures the real output of the trade sector in Arkansas, adjusting for inflation. This provides important insights into the state's economic performance and growth.
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: Trade (42, 44-45) in Arkansas is a key indicator of the real output or production volume of the trade sector, which includes wholesale and retail trade, in the state of Arkansas. It is a useful measure for evaluating the overall health and trajectory of the Arkansas economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes over time.
Historical Context
This index is closely monitored by policymakers, businesses, and analysts to assess economic conditions and guide decision-making.
Key Facts
- Arkansas's trade sector accounts for a significant portion of its GDP.
- The index has exhibited steady growth over the past decade.
- Trade is a crucial driver of the Arkansas economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Arkansas measures the real output or production volume of the trade sector in the state, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and growth of a key sector of the Arkansas economy, which is important for policymakers, businesses, and analysts in understanding the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes over time.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, businesses, and analysts to assess economic conditions and guide decision-making in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in slight delays in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Arkansas (ARTRADEQGSP), retrieved from FRED.