Gross Domestic Product: Utilities (22) in Arkansas
ARUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,699.90
Year-over-Year Change
42.74%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Utilities (22) in Arkansas' series measures the economic output of the utilities sector in Arkansas. This metric is a key indicator of the state's economic performance and energy infrastructure.
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
This series tracks the total value of goods and services produced by the utilities industry in Arkansas, including electricity, natural gas, and water supply. The utilities sector is a crucial component of the state's economy, providing essential services for businesses and residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Economists and policymakers use this metric to assess the health and growth of Arkansas' utilities sector and make informed decisions about infrastructure investment and energy policy.
Key Facts
- Arkansas' utilities sector accounts for about 2% of the state's GDP.
- Utilities GDP in Arkansas has grown by an average of 3.5% per year over the past decade.
- The utilities industry employs over 10,000 people in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This series measures the total economic output or gross domestic product (GDP) of the utilities sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: The utilities GDP metric is an important indicator of the health and growth of a state's energy infrastructure and essential services, which are crucial for businesses and residents.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the performance of Arkansas' utilities sector and make informed decisions about infrastructure investment and energy policy.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Arkansas (ARUTILNQGSP), retrieved from FRED.