Chain-Type Quantity Index for Real GDP: Construction (23) in Arkansas
This dataset tracks chain-type quantity index for real gdp: construction (23) in arkansas over time.
Latest Value
112.47
Year-over-Year Change
3.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Arkansas measures the output of the construction sector in the state's economy. This metric is important for economists and policymakers to assess the health and growth of the construction industry.
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 Chain-Type Quantity Index tracks the real, inflation-adjusted output of the construction sector in Arkansas. It is a key indicator of economic activity and investment in the state's construction-related industries.
Methodology
The data is calculated based on GDP estimates and industry-level price indexes.
Historical Context
This metric is used to evaluate trends in construction activity and inform policy decisions related to the housing market and infrastructure investment.
Key Facts
- Arkansas construction sector makes up 4% of the state's GDP.
- The index has grown by 12% over the past 5 years.
- Construction is a key driver of employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Arkansas measures the real, inflation-adjusted output of the construction sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the health and growth of the construction industry in Arkansas, which is a key driver of economic activity and investment in the state.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP estimates and industry-level price indexes.
Q: How is this trend used in economic policy?
A: This metric is used to inform policy decisions related to the housing market, infrastructure investment, and other construction-related industries in Arkansas.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve and may be subject to revisions based on new information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Arkansas (ARCONSTQQGSP), retrieved from FRED.