Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arkansas
ARMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.17
Year-over-Year Change
122.88%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arkansas measures the inflation-adjusted output of the management of companies and enterprises sector in the state.
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 value added by the management of companies and enterprises industry in Arkansas. It is used by economists and policymakers to assess the overall health and productivity of this key economic sector within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Historical Context
This index provides insight into the performance of the management services industry, which is important for understanding broader economic conditions and policy impacts.
Key Facts
- The index is measured with 2012 as the base year.
- Management of companies and enterprises is a key sector in Arkansas's economy.
- The index tracks changes in real value added, not just nominal revenue.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the management of companies and enterprises sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and productivity of a key industry within the Arkansas economy, which is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to assess the overall health and productivity of the management of companies and enterprises sector, which is important for understanding broader economic conditions and policy impacts within Arkansas.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the index is calculated using national accounts data from the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arkansas (ARMNGCOENTPRQGSP), retrieved from FRED.