Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Arkansas
ARCHEMMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.67
Year-over-Year Change
34.56%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Arkansas measures the real output of the chemical manufacturing industry in the state. This metric is important for economists and policymakers to understand the health and productivity of a key industrial 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
This index tracks the volume of goods and services produced by the chemical manufacturing industry in Arkansas, adjusting for price changes over time. It provides insight into the industry's contribution to the state's overall economic growth and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This metric can inform policy decisions related to economic development, trade, and environmental regulations impacting the chemical industry.
Key Facts
- Arkansas is a top U.S. state for chemical manufacturing.
- The chemical industry accounts for over 10% of Arkansas's GDP.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real output or production volume of the chemical manufacturing industry in the state of Arkansas, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The performance of the chemical manufacturing sector is an important indicator of Arkansas's overall economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: This metric can inform policy decisions related to economic development, trade, and environmental regulations impacting the chemical industry in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Arkansas (ARCHEMMANQGSP), retrieved from FRED.