Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas
ARAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,566.50
Year-over-Year Change
63.47%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) for the agriculture, forestry, fishing, and hunting sector in Arkansas. It provides insights into the economic contribution and performance of these key industries in 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: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas metric tracks the total output and value-added by these natural resource-based industries within the state's economy. It is an important indicator for policymakers and analysts to monitor the health and trends of these sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This economic indicator helps inform decisions and policies related to the management and development of Arkansas's natural resources and rural economies.
Key Facts
- Arkansas's agriculture, forestry, fishing, and hunting sector accounts for over 4% of the state's GDP.
- This industry group has seen steady growth in recent years, outpacing the overall state economy.
- The sector employs over 100,000 workers in Arkansas, making it a significant employer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the agriculture, forestry, fishing, and hunting industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic importance and performance of these natural resource-based sectors in Arkansas, which are critical to the state's rural economies and policy decisions.
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 their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions and policies related to the management and development of Arkansas's natural resources and rural economies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas (ARAGRNQGSP), retrieved from FRED.