Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas
ARFININSREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,293.80
Year-over-Year Change
72.28%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing industries in the state of Arkansas. It provides valuable insights into the performance and composition of this critical sector of the state'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
The ARFININSREALNGSP series represents the GDP contribution of finance, insurance, real estate, rental, and leasing activities in Arkansas. This data is used by economists and policymakers to analyze the economic health and competitiveness of these industries within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the role of the finance, insurance, and real estate sectors in Arkansas's economic development and growth strategies.
Key Facts
- Arkansas's finance, insurance, and real estate sector accounts for over 20% of the state's GDP.
- This industry group has experienced steady growth in recent years, outpacing the overall state economy.
- The performance of this sector is closely watched by policymakers and investors for its impact on employment and business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the finance, insurance, real estate, rental, and leasing industries in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the economic strength and competitiveness of these critical industries within Arkansas, which have a significant impact on the state's overall economic performance and development.
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 national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and investors to analyze the role of the finance, insurance, and real estate sectors in Arkansas's economic growth strategies and development policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas (ARFININSREALNGSP), retrieved from FRED.