Real Gross Domestic Product: Trade (42, 44-45) in Arkansas
ARTRADERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,822.00
Year-over-Year Change
33.40%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) generated by the retail trade industry (NAICS 42, 44-45) in the state of Arkansas. It provides insight into the economic performance and growth of this key sector.
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: Trade (42, 44-45) in Arkansas metric tracks the inflation-adjusted value added by the retail trade industry to the state's overall economic output. This data point is important for analyzing regional economic trends and the health of the consumer-facing sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and economists utilize this metric to assess the vitality of Arkansas' consumer-driven industries and make informed decisions.
Key Facts
- Arkansas' real GDP from retail trade was $25.7 billion in 2021.
- This sector accounts for over 15% of the state's total economic output.
- Real retail GDP in Arkansas grew by 4.2% in 2021 after declining in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) generated by the retail trade industry (NAICS sectors 42, 44-45) in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and growth of Arkansas' consumer-facing retail sectors, which are important drivers of 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 national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this metric to assess the vitality of Arkansas' consumer-driven industries and make informed decisions about economic development and fiscal policies.
Q: Are there update delays or limitations?
A: This data is typically published with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Trade (42, 44-45) in Arkansas (ARTRADERGSP), retrieved from FRED.