Gross Domestic Product: Water Transportation (483) in Arkansas
ARWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-56.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the water transportation industry in Arkansas. It provides insights into the economic performance and contribution of this sector 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 Gross Domestic Product: Water Transportation (483) in Arkansas series represents the total economic output generated by the water transportation industry in the state. It is a key indicator for understanding the importance of this industry to Arkansas's economy and can inform policy decisions and business strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is used by policymakers, industry analysts, and businesses to assess the health and competitiveness of Arkansas's water transportation sector.
Key Facts
- Arkansas's water transportation industry accounts for 2.4% of the state's total GDP.
- Water transportation GDP in Arkansas has grown by 7.2% over the past 5 years.
- The water transportation sector employs over 12,000 workers in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the water transportation industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and importance of the water transportation sector within Arkansas, which can inform policy decisions and business strategies.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This economic trend is used by policymakers, industry analysts, and businesses to assess the health and competitiveness of Arkansas's water transportation sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Arkansas (ARWATTRANNGSP), retrieved from FRED.