Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Arkansas
ARTRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.98
Year-over-Year Change
81.25%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Arkansas measures the real output of the transit and ground passenger transportation industry in the state.
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 provides a way to track changes in the real (inflation-adjusted) production of transit and ground passenger transportation services in Arkansas over time. It is an important indicator for understanding economic activity and growth in this key sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze the performance of the transportation industry and its role in the broader Arkansas economy.
Key Facts
- Arkansas is a major transportation hub in the southern U.S.
- The transit and ground passenger sector accounts for over 2% of the state's GDP.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of the transit and ground passenger transportation industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and growth of a key sector of the Arkansas 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: Economists and policymakers use this index to analyze the transportation industry's role in the broader Arkansas economy and inform related policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Arkansas (ARTRANGRNDTRANQGSP), retrieved from FRED.