Real Gross Domestic Product: Manufacturing (31-33) in Arkansas
ARMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,915.60
Year-over-Year Change
37.63%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the manufacturing sector in Arkansas. It provides valuable insights into the state's economic performance and industrial activity.
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: Manufacturing (31-33) in Arkansas represents the inflation-adjusted economic output of the manufacturing industry in the state. It is a key indicator of the manufacturing sector's contribution to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, economists, and businesses to analyze the health and trends of Arkansas's manufacturing industry.
Key Facts
- Arkansas's manufacturing sector accounts for over 12% of the state's GDP.
- The manufacturing industry employs nearly 200,000 people in Arkansas.
- Real GDP in Arkansas manufacturing has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the manufacturing sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of Arkansas's manufacturing industry to the overall state 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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to analyze the health and trends of Arkansas's manufacturing sector, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Arkansas (ARMANRGSP), retrieved from FRED.