Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas
ARAGRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.03
Year-over-Year Change
75.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas measures the real output of this economic sector in the state. It provides insights into the productivity and health of a key driver of Arkansas's 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 the volume of goods and services produced by the agriculture, forestry, fishing, and hunting sector in Arkansas, adjusted for price changes. It is an important indicator of the overall performance and contribution of this industry to the state's economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Policymakers and analysts use this index to assess the strength and trends in a crucial segment of Arkansas's economy.
Key Facts
- The index is measured with 2012 as the base year.
- Arkansas's agriculture, forestry, fishing, and hunting sector accounts for over 5% of the state's GDP.
- The index reached a record high in 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the agriculture, forestry, fishing, and hunting sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the productivity and health of a key driver of Arkansas's economy, which is crucial for policymakers and investors.
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 regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the strength and trends in this crucial segment of Arkansas's economy, informing economic development strategies.
Q: Are there update delays or limitations?
A: The index is updated annually, with a delay of several months, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas (ARAGRQQGSP), retrieved from FRED.