Gross Domestic Product: Chemical Manufacturing (325) in Arkansas
ARCHEMMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,752.10
Year-over-Year Change
92.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the chemical manufacturing industry (NAICS 325) in the state of Arkansas. It is an important indicator of economic activity and productivity in a key manufacturing sector.
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 ARCHEMMANNGSP series tracks the total inflation-adjusted value added by chemical manufacturing companies in Arkansas. This provides insights into the performance and contribution of this industry to the state's overall economic output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Policymakers and analysts use this trend to monitor the health and competitiveness of Arkansas' chemical manufacturing industry.
Key Facts
- Arkansas is a top U.S. state for chemical manufacturing.
- The chemical industry accounts for over 10% of Arkansas' total GDP.
- Chemical manufacturing GDP in Arkansas has grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the chemical manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the performance and competitiveness of a key manufacturing sector in the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and growth of Arkansas' chemical manufacturing industry, which is important for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Chemical Manufacturing (325) in Arkansas (ARCHEMMANNGSP), retrieved from FRED.