Real Gross Domestic Product: Government and Government Enterprises (92) in Arkansas
ARGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,015.50
Year-over-Year Change
4.01%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) generated by the government and government enterprises sector in the state of Arkansas. It provides insights into the economic contribution of the public sector.
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: Government and Government Enterprises (92) in Arkansas series tracks the inflation-adjusted value added by the government and government enterprises industry within the state's overall economic output. It is a key indicator for analyzing the role of the public sector 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 used by economists, policymakers, and market analysts to assess the size and economic influence of the government in Arkansas.
Key Facts
- Government and government enterprises account for 16% of Arkansas's GDP.
- This sector grew by 2.4% in real terms last year.
- The public sector's share of the state's economy has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the government and government enterprises sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic contribution and influence of the public sector in Arkansas, which is useful for policymakers, economists, and market analysts.
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 used by economists, policymakers, and market analysts to assess the size and economic influence of the government in Arkansas, which informs policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Arkansas (ARGOVRQGSP), retrieved from FRED.