Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in Arkansas
ARPETCOALMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.64
Year-over-Year Change
76.65%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in Arkansas measures the volume of economic output from this key manufacturing 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 provides a reliable gauge of trends in real production levels for the petroleum and coal products industry in Arkansas. Economists and policymakers use this data to assess the health and competitiveness of this critical manufacturing segment.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis based on reported production volumes.
Historical Context
Tracking this trend helps inform decisions around energy, environmental, and economic development policies.
Key Facts
- Arkansas is a top U.S. producer of natural gas.
- The petroleum and coal products industry accounts for over 10% of Arkansas's manufacturing GDP.
- Production levels in this sector have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output from the petroleum and coal products manufacturing industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Tracking production levels in this key manufacturing sector provides insights into the overall health and competitiveness of Arkansas's energy-related industries.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on reported production volumes from surveyed companies.
Q: How is this trend used in economic policy?
A: Monitoring this index helps inform decisions around energy, environmental, and economic development policies that impact the petroleum and coal products manufacturing industry in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
Coefficient for Transportation Carbon Dioxide Emissions, Residual Fuel for Arkansas
EMISSCO2CRFACBARA
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Arkansas
ARPCEPCVEH
Coefficient for Industrial Carbon Dioxide Emissions, Lubricants for Arkansas
EMISSCO2CLUICBARA
Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Arkansas
ARTRADEQGSP
Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Arkansas
ARTRANGRNDTRANRGSP
Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Arkansas
ARTEXTRGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in Arkansas (ARPETCOALMANQGSP), retrieved from FRED.