Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas
ARGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.36
Year-over-Year Change
0.02%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas measures the volume of economic output produced by the government sector in the state. This metric is crucial for understanding the role of public institutions in Arkansas' economic growth and development.
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 real, inflation-adjusted GDP generated by government entities in Arkansas, including federal, state, and local agencies. It provides insight into the scale and productivity of the public sector's economic activities within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in the relative prices of goods and services over time.
Historical Context
Policymakers and analysts use this index to evaluate the economic contribution of government in Arkansas and inform decisions around public spending, taxation, and program effectiveness.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- Government and government enterprises account for approximately 15% of Arkansas' total GDP.
- The index is a component of the state's overall real GDP calculation.
FAQs
Q: What does this economic trend measure?
A: This index measures the volume of real economic output generated by government and government enterprises in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and productivity of the public sector's economic activities within Arkansas, which is crucial for understanding the role of government in the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in the relative prices of goods and services over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the economic contribution of government in Arkansas and inform decisions around public spending, taxation, and program effectiveness.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arkansas (ARGOVQGSP), retrieved from FRED.