Real Gross Domestic Product: Rail Transportation (482) in Arkansas
ARRAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
688.30
Year-over-Year Change
6.93%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the rail transportation industry in Arkansas. It is an important indicator of the state's economic activity and performance in the transportation sector.
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 Real Gross Domestic Product: Rail Transportation (482) in Arkansas series tracks the inflation-adjusted output of the rail transportation industry within the state's economy. This metric is useful for analyzing industry-level economic trends and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts monitor this trend to assess the health and competitiveness of Arkansas' rail transportation sector.
Key Facts
- Arkansas' rail transportation sector accounts for over 3% of the state's total GDP.
- Real rail GDP in Arkansas has grown by 15% over the past decade.
- The state's key rail hubs include Little Rock, Fort Smith, and Texarkana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the rail transportation industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic contribution of Arkansas' rail transportation sector, which is an important component 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the health and competitiveness of Arkansas' rail transportation sector, which informs economic development strategies and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Arkansas (ARRAILTRANRGSP), retrieved from FRED.