Real Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas
ARMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,651.80
Year-over-Year Change
20.75%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas' series measures the real economic output of the management of companies and enterprises sector in Arkansas. This metric is crucial for understanding Arkansas's economic performance and assessing the health of its business services industry.
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 series tracks the real GDP, or inflation-adjusted economic output, specifically for the management of companies and enterprises industry within the state of Arkansas. It is a key indicator of productivity and growth in this important service sector, which includes activities like corporate, subsidiary, and regional managing offices.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive state-level GDP estimates.
Historical Context
Analysts and policymakers use this metric to evaluate the competitive position and economic contribution of Arkansas's business services industry.
Key Facts
- Arkansas's management sector accounts for over 4% of its total GDP.
- This industry has seen steady growth of around 2.5% annually over the past decade.
- The management of companies and enterprises is the 5th largest contributor to Arkansas's economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the management of companies and enterprises sector specifically within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the productivity and growth dynamics of Arkansas's business services industry, which is a key contributor to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate the competitive position and economic contribution of Arkansas's management of companies and enterprises sector, which informs business development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas (ARMNGCOENTPRRQGSP), retrieved from FRED.