Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arkansas
ARFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-99.05%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Arkansas. It is an important indicator of the financial services industry's economic activity and contribution to the state's overall economic performance.
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 Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arkansas series represents the inflation-adjusted value added by the financial services sector in the state. It provides insights into the health and growth of this crucial industry, which plays a significant role in Arkansas's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is widely used by policymakers, economists, and financial analysts to assess the financial services industry's economic contribution and influence in Arkansas.
Key Facts
- Arkansas's financial services sector accounts for over 5% of the state's total GDP.
- Real GDP in the funds, trusts, and other financial vehicles industry has grown by 12% in the past 5 years.
- The financial services industry is the third-largest contributor to Arkansas's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of the financial services industry, which is a crucial component of Arkansas'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 using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and financial analysts to assess the financial services industry's economic contribution and influence in Arkansas.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arkansas (ARFNDTRSTRGSP), retrieved from FRED.