Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arkansas
ARTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.58
Year-over-Year Change
2.76%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arkansas measures the real output of the truck transportation industry in the state. This trend is an important indicator of economic activity and supply chain dynamics.
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 tracks changes in the real, inflation-adjusted output of the truck transportation sector in Arkansas. This index is used by economists and policymakers to analyze industry performance and understand broader economic conditions in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information from transportation providers.
Historical Context
Trends in truck transportation output can inform decisions around infrastructure investment, supply chain management, and economic development policy.
Key Facts
- Arkansas is a major hub for truck transportation in the South.
- Truck transportation accounts for over 5% of Arkansas's GDP.
- This index is a component of the state's overall real GDP measure.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arkansas measures the real, inflation-adjusted output of the truck transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance of a key industry and can inform analysis of Arkansas's broader economic conditions and supply chain dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information from transportation providers.
Q: How is this trend used in economic policy?
A: Trends in truck transportation output can inform decisions around infrastructure investment, supply chain management, and economic development policy in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the regular publication schedule and revision processes of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arkansas (ARTRUCKTRANQGSP), retrieved from FRED.