Real Gross Domestic Product: Retail Trade (44-45) in Arkansas
ARRETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,809.70
Year-over-Year Change
24.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP) for Retail Trade (44-45) in Arkansas measures the inflation-adjusted economic output of the retail sector in the state. This trend is a key indicator of consumer spending and business activity in Arkansas.
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 GDP for Retail Trade (44-45) in Arkansas represents the total real value added by the retail industry to the state's overall economic output. It is an important metric for analyzing consumer demand, industry performance, and regional economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Policymakers and analysts use this trend to assess the health of Arkansas' retail economy and make informed decisions about fiscal, monetary, and regulatory policies.
Key Facts
- Arkansas' retail GDP accounts for over 10% of the state's total economic output.
- The retail sector employs more than 200,000 people in Arkansas.
- Real retail GDP in Arkansas has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Retail Trade (44-45) in Arkansas measures the inflation-adjusted economic output of the retail sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer spending and business activity in Arkansas, providing insights into the health of the state's retail economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Arkansas' retail economy and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be some delays in the availability of the most recent estimates.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Retail Trade (44-45) in Arkansas (ARRETAILRQGSP), retrieved from FRED.