Gross Domestic Product: Warehousing and Storage (493) in Arkansas
ARWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
753.50
Year-over-Year Change
81.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the warehousing and storage industry in Arkansas. It provides insights into the economic activity and productivity of this key logistics sector within the state.
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 Gross Domestic Product: Warehousing and Storage (493) in Arkansas series tracks the total value of goods and services produced by the warehousing and storage industry in the state. This metric is used by economists and policymakers to assess the health and growth of this important supply chain component.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Changes in this trend can indicate shifts in consumer demand, trade flows, and broader economic conditions that impact the logistics industry.
Key Facts
- Arkansas is a major transportation hub, with over 200,000 people employed in logistics.
- The warehousing and storage industry accounts for over 3% of Arkansas's total GDP.
- Warehousing GDP in Arkansas has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the warehousing and storage industry in the state of Arkansas. It captures the total economic output of this key logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of Arkansas's warehousing and storage industry, which is a vital component of the state's overall economy and transportation infrastructure.
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 economists use this trend to assess the performance of Arkansas's logistics industry and its broader economic implications, such as consumer demand, trade flows, and infrastructure needs.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately three months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in Arkansas (ARWARESTORNGSP), retrieved from FRED.