Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Arkansas
AROTHSERVEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.89
Year-over-Year Change
3.26%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Arkansas measures the inflation-adjusted output of the other services sector in the state's economy. This metric is crucial for policymakers and analysts to assess the health and growth of Arkansas's service-based industries.
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 the real, inflation-adjusted GDP contribution of Arkansas's other services sector, excluding government and government enterprises. It provides a comprehensive gauge of the state's service-based economic activity, which is a key driver of overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP reporting.
Historical Context
Economists and policymakers use this index to monitor trends in Arkansas's service-based industries and inform economic and regulatory decision-making.
Key Facts
- The other services sector excludes government, healthcare, and retail/wholesale trade.
- This index uses 2012 as the base year for real GDP calculations.
- Arkansas's other services sector accounts for approximately 10% of the state's total GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted GDP contribution of Arkansas's other services sector, excluding government and government enterprises.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the health and growth of Arkansas's service-based industries, which are a key driver of 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 their regional GDP reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor trends in Arkansas's service-based industries and inform economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision processes of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Arkansas (AROTHSERVEQGSP), retrieved from FRED.