Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Arkansas
ARRERENTLEAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.57
Year-over-Year Change
16.21%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Arkansas measures the real economic output of this industry in the state. It provides insights into the health and growth of the real estate and rental sectors.
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 volume of goods and services produced by the real estate, rental, and leasing industry in Arkansas, adjusting for inflation. It is a key indicator of economic activity and productivity in this important sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this metric to understand trends in a critical part of the state's economy.
Key Facts
- The index is based on 2012 as the reference year.
- The real estate and rental/leasing sector accounts for over 12% of Arkansas's GDP.
- The index has grown by 8.4% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted output of the real estate, rental, and leasing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the health and growth of a critical sector of Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand trends in the real estate and rental/leasing industries, which are important drivers of economic activity in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Arkansas (ARRERENTLEAQGSP), retrieved from FRED.