Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arkansas
ARTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,093.70
Year-over-Year Change
71.30%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arkansas measures the total economic output of the transportation and utilities sectors in the state. This key indicator provides insights into the health and productivity of these vital industries.
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 series represents the gross domestic product originating in the transportation and utilities sectors in Arkansas. It is an important measure of economic activity and productivity in these essential industries that facilitate the movement of goods, people, and energy across the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists use this metric to assess the performance and competitiveness of Arkansas' transportation and utilities infrastructure.
Key Facts
- Arkansas' transportation and utilities GDP was $13.3 billion in 2021.
- This sector accounts for 6.4% of the state's total GDP.
- Transportation and utilities GDP has grown by 2.9% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or gross domestic product (GDP) originating in the transportation and utilities sectors in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and productivity of two critical industries that enable the flow of goods, people, and energy across the state, which is vital for Arkansas' 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 economists use this metric to assess the performance and competitiveness of Arkansas' transportation and utilities infrastructure, which informs decisions about investment, regulation, and other policies affecting these sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arkansas (ARTRANSUTILNGSP), retrieved from FRED.