Real Gross Domestic Product: Wholesale Trade (42) in Arkansas
ARWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,216.70
Year-over-Year Change
17.76%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Arkansas measures the output of the wholesale trade industry in Arkansas, adjusted for inflation. This metric is a key indicator of the state's economic performance and business activity.
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 Real Gross Domestic Product: Wholesale Trade (42) in Arkansas represents the total inflation-adjusted value added by the wholesale trade industry to the state's overall economic output. It is a widely used statistic for analyzing trends in Arkansas's industrial composition and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This economic trend is closely monitored by policymakers, analysts, and businesses to assess the health and competitiveness of Arkansas's wholesale trade sector.
Key Facts
- Arkansas's wholesale trade industry accounts for over 10% of the state's total GDP.
- The wholesale trade sector employs more than 70,000 workers in Arkansas.
- Real GDP growth in Arkansas's wholesale trade industry has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Arkansas measures the total inflation-adjusted economic output of the wholesale trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and productivity of Arkansas's wholesale trade sector, which is a major contributor to the state's overall economic performance.
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 for Arkansas.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses monitor this trend to assess the competitiveness and growth potential of Arkansas's wholesale trade industry, which informs economic development strategies and business decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical release lag of 2-3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Arkansas (ARWHOLERGSP), retrieved from FRED.