Gross Domestic Product: Utilities (22) in Arkansas
ARUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,339.70
Year-over-Year Change
77.27%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the utilities sector in Arkansas. It provides insight into the economic activity and productivity of this key industry within 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
The utilities GDP trend represents the total value of goods and services produced by the utilities industry in Arkansas, including electricity, natural gas, water, and waste management. It is an important indicator of the state's economic health and can inform policy decisions and investment strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and businesses use this trend to assess the performance and outlook of Arkansas's utilities sector and its impact on the broader state economy.
Key Facts
- Arkansas's utilities GDP was $4.3 billion in 2021.
- The utilities sector accounts for 2.7% of Arkansas's total GDP.
- Utilities GDP in Arkansas has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the utilities sector in the state of Arkansas, including electricity, natural gas, water, and waste management.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of a key industry within Arkansas, which can inform policy decisions, investment strategies, and assessments of the state's overall economic health.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to assess the performance and outlook of Arkansas's utilities sector and its impact on the broader state economy, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Arkansas (ARUTILNGSP), retrieved from FRED.