Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arkansas
ARWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.65
Year-over-Year Change
32.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arkansas measures the volume of economic output in the warehousing and storage industry within the state. This metric is important for economists and policymakers to understand industry-specific trends and the broader state economy.
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 index tracks changes in the real (inflation-adjusted) output of the warehousing and storage industry in Arkansas. It is a component of the state's overall real GDP, providing insight into a key logistics and distribution sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP estimates.
Historical Context
Trends in this index are relevant for state economic and infrastructure policy, as well as for businesses and investors analyzing regional market conditions.
Key Facts
- Arkansas warehousing GDP index base year is 2012.
- Index value peaked at 111.74 in 2017.
- Warehousing accounts for about 2% of Arkansas's total real GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output in the warehousing and storage industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key logistics and distribution sector within the Arkansas economy, which is useful for understanding industry-specific and broader state economic trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this index are relevant for state economic and infrastructure policy, as well as for businesses and investors analyzing regional market conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arkansas (ARWARESTORQGSP), retrieved from FRED.