Real Gross Domestic Product: Utilities (22) in Arkansas
ARUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,190.60
Year-over-Year Change
27.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Utilities (22) in Arkansas' trend measures the inflation-adjusted economic output of the utilities sector in Arkansas. This metric is important for understanding regional economic performance and the role of utilities in state-level GDP.
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 tracks the real (inflation-adjusted) value added by the utilities industry, which includes electric power, natural gas, water, and sewage treatment, to the overall gross domestic product of Arkansas. Utilities are a key input to many other industries, so this measure provides insight into the health and productivity of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Policymakers and analysts use this data to assess the economic conditions and growth trends within Arkansas's utilities sector and its broader macroeconomic implications.
Key Facts
- Arkansas's utilities sector accounts for approximately 2.5% of the state's GDP.
- Real utilities GDP in Arkansas has grown at an average annual rate of 1.8% over the past decade.
- The utilities industry is the 6th largest contributor to Arkansas's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) contribution of the utilities sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: The utilities industry is a key component of a state's economic infrastructure, so tracking its performance provides insights into broader economic conditions and growth trends within Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and 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 data to assess the economic conditions and growth trends within Arkansas's utilities sector and its broader macroeconomic implications.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Arkansas (ARUTILRGSP), retrieved from FRED.