Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arkansas
ARSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
644.10
Year-over-Year Change
65.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities industry in Arkansas. It provides insights into the financial services sector's contribution to the state's economic output.
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 ARSECCOMINVNGSP series represents the GDP, in millions of dollars, generated by establishments primarily engaged in financial investment activities, such as securities, commodity contracts, and other financial investments, within the state of Arkansas. This data is used by economists and policymakers to analyze the performance and importance of the financial services industry in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is relevant for understanding the role of the financial services sector in Arkansas's economy and its impact on the state's overall economic performance.
Key Facts
- Arkansas's financial services GDP was $3.4 billion in 2021.
- The financial services sector accounts for 3.7% of Arkansas's total GDP.
- This industry has experienced 4.2% annual growth in Arkansas over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the securities, commodity contracts, and other financial investments and related activities industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and importance of the financial services sector in Arkansas's economy, which is useful for economists, policymakers, and businesses analyzing the state's economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of the financial services industry in Arkansas's economy and its impact on the state's overall economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the U.S. Bureau of Economic Analysis's regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arkansas (ARSECCOMINVNGSP), retrieved from FRED.