Chain-Type Quantity Index for Real GDP: Federal Civilian in Arkansas
ARGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.78
Year-over-Year Change
9.48%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Arkansas measures the volume of federal civilian government output in the state over time, adjusting for inflation.
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 changes in the real output of the federal civilian government sector in Arkansas, providing insights into the role of the public sector in the state's economy. Economists and policymakers use this data to analyze government spending and its impact on overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
This trend is relevant for understanding the fiscal and economic policies affecting Arkansas and the role of the federal government in the state.
Key Facts
- The index is measured with a base year of 2012 = 100.
- Federal civilian government accounts for a significant portion of Arkansas' GDP.
- The index can signal changes in government employment and investment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of real output from the federal civilian government sector in Arkansas, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of the public sector in Arkansas' economy and can inform analysis of government spending and its economic impact.
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 index formula.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding fiscal and economic policies affecting Arkansas and the role of the federal government in the state's economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be publication delays or limitations in coverage that users should be aware of.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Arkansas (ARGOVFEDCIVQGSP), retrieved from FRED.