Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Arkansas
ARPLASRUBMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,111.00
Year-over-Year Change
-12.48%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Arkansas measures the inflation-adjusted economic output of this industry in the state. It is a key indicator of manufacturing activity and economic conditions.
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 value added by the plastics and rubber products manufacturing sector in Arkansas. It is a component of the overall state GDP and provides insights into the health and productivity of this important industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production surveys and other economic indicators.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and growth potential of Arkansas's manufacturing base.
Key Facts
- Arkansas is a top state for plastics and rubber production.
- This industry accounts for over 10% of the state's manufacturing GDP.
- Real output has grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value added by the plastics and rubber products manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the health and competitiveness of a key manufacturing sector in Arkansas, which is important for understanding the state's overall economic conditions and growth potential.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using production surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and competitiveness of Arkansas's manufacturing base, which informs decisions around economic development, workforce training, and industry support programs.
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
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Arkansas
ARPCEPCCLTH
Real Gross Domestic Product: Legal Services (5411) in Arkansas
ARLEGALRGSP
Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arkansas
ARPIPETRANQGSP
Regional Price Parities: All Items for Arkansas
ARRPPALL
State Government Tax Collections, Hunting and Fishing Licenses in Arkansas
ARHUNTLICTAX
Nondurable Manufacturing Earnings in Arkansas
ARENON
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Arkansas (ARPLASRUBMANRGSP), retrieved from FRED.