Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Arkansas
ARAMUSENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
639.30
Year-over-Year Change
139.17%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in Arkansas. It provides insight into the economic performance and growth of this 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: Amusement, Gambling, and Recreation Industries (713) in Arkansas trend tracks the total value of goods and services produced by this industry in the state. It is an important indicator of the overall economic health and competitiveness of the recreation and leisure sector in Arkansas.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, business leaders, and economists to understand the dynamics of Arkansas' tourism and leisure economy.
Key Facts
- Arkansas' amusement and recreation GDP was $1.5 billion in 2021.
- This sector accounts for 2.2% of Arkansas' total GDP.
- The industry has seen 4.1% annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the amusement, gambling, and recreation industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of Arkansas' leisure and tourism sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, business leaders, and economists closely monitor this trend to understand the dynamics of Arkansas' recreation and tourism economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 3-month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Arkansas (ARAMUSENGSP), retrieved from FRED.