Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas
ARQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.11
Year-over-Year Change
9.15%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas measures the real (inflation-adjusted) gross domestic product of Arkansas. This broad economic indicator is closely watched by policymakers and analysts to gauge the state's overall economic performance.
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
The Chain-Type Quantity Index for Real GDP tracks the volume of economic output in Arkansas, adjusting for price changes over time. It is a key measure of the state's economic growth and can signal emerging trends that inform policy decisions and business strategies.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on the quantity and pricing of goods and services produced across Arkansas industries.
Historical Context
Economists and policymakers analyze this real GDP index to understand Arkansas' economic health and its position relative to national trends.
Key Facts
- Arkansas' real GDP index has grown by over 30% since 2010.
- The state's economy outpaced the national real GDP growth rate in 2021.
- The index tracks output across all major Arkansas industries, from manufacturing to services.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas measures the real, inflation-adjusted gross domestic product of the state.
Q: Why is this trend relevant for users or analysts?
A: This broad economic indicator is closely watched by policymakers and analysts to gauge Arkansas' overall economic performance and growth.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the quantity and pricing of goods and services produced across Arkansas industries.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this real GDP index to understand Arkansas' economic health and its position relative to national trends, informing policy decisions.
Q: Are there update delays or limitations?
A: The real GDP index data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Arkansas (ARQQGSP), retrieved from FRED.