Real Gross Domestic Product: Information (51) in Arkansas
ARINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,697.90
Year-over-Year Change
65.91%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Information (51) in Arkansas measures the inflation-adjusted economic output of the information sector in the state. This trend provides insight into the health and productivity of a key industry within Arkansas'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 Real Gross Domestic Product: Information (51) in Arkansas tracks the inflation-adjusted value added by the information sector, which includes industries like publishing, telecommunications, and data processing. Economists and policymakers use this data to assess the performance and contribution of the information industry to the state's overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This metric is relevant for understanding Arkansas's economic composition and competitiveness in information-related industries.
Key Facts
- Arkansas's information sector accounted for 5.6% of total state GDP in 2021.
- Real information GDP in Arkansas grew by 2.9% in 2021 after declining in 2020.
- The information industry is the fifth-largest contributor to Arkansas's economy.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Arkansas measures the inflation-adjusted economic output of the information sector in the state, including industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and productivity of a key industry within Arkansas's economy, which is relevant for understanding the state's economic composition and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the performance and contribution of the information industry to Arkansas's overall economic growth, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Arkansas (ARINFORGSP), retrieved from FRED.