Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arkansas
ARTRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,531.80
Year-over-Year Change
12.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the transportation and utilities sectors in Arkansas. It is an important indicator of economic activity and performance in these key industries.
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: Transportation and Utilities (22, 48-49) in Arkansas measures the total inflation-adjusted economic output of the transportation and utilities industries in the state. This trend provides insights into the productivity and growth dynamics of these critical sectors that support broader economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to gauge the health and trajectory of Arkansas' transportation and utilities infrastructure, which are vital to the state's economic competitiveness.
Key Facts
- The transportation and utilities sector accounts for around 10% of Arkansas' total GDP.
- Real GDP in this sector grew by 3.2% in Arkansas last year.
- Utilities make up the largest component of this trend, contributing over 60% of the total.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the transportation and utilities sectors in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and growth dynamics of two critical industries that support broader economic development in Arkansas.
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 principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the health and trajectory of Arkansas' transportation and utilities infrastructure, which are vital to the state's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be some delay in reflecting the most recent economic conditions.
Related Trends
Average Weekly Earnings of All Employees: Education and Health Services in Arkansas
SMU05000006500000011A
State Tax Collections: T01 Property Taxes for Arkansas
QTAXT01QTAXCAT3ARNO
Coefficient for Transportation Carbon Dioxide Emissions, Aviation Gasoline for Arkansas
EMISSCO2CAVACBARA
Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Arkansas
ARPETCOALMANNGSP
Value of Exports to Australia from Arkansas
ARAUSA052SCEN
All Employees: Government in Arkansas
SMU05000009000000001A
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arkansas (ARTRANSUTILRGSP), retrieved from FRED.