Value-Added Output for Private Nonfarm in Arkansas
IPUZNT300050000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150,991.36
Year-over-Year Change
79.34%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output for Private Nonfarm in Arkansas measures the total economic output of private businesses in the state, excluding the farm sector. This metric is a key indicator of overall economic activity and productivity.
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 the value-added output, or gross product, generated by private industries in Arkansas, excluding agriculture. It provides insight into the broader economic health and growth trends within the state's private sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
Policymakers and analysts use this metric to assess the performance and trajectory of Arkansas' private economy.
Key Facts
- Arkansas' private nonfarm value-added output grew by 3.2% in 2021.
- The index reached a record high of 113.4 in Q4 2022.
- Private services industries account for over 70% of total value-added in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This index measures the total value-added output or gross product generated by private businesses in Arkansas, excluding the agricultural sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and growth trajectory of Arkansas' private economy, which is crucial for policymakers and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and outlook of Arkansas' private sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be a delay in observing the most recent economic conditions.
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Citation
U.S. Federal Reserve, Value-Added Output for Private Nonfarm in Arkansas (IPUZNT300050000), retrieved from FRED.