Real Gross Domestic Product: Wholesale Trade (42) in Arkansas
ARWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,002.20
Year-over-Year Change
0.28%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Arkansas trend measures the output of the wholesale trade sector in Arkansas, adjusted for inflation. This metric is crucial for analyzing the state's economic performance and informing policy decisions.
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 inflation-adjusted value of goods and services produced by the wholesale trade industry in the state. This trend is a key indicator of the health and productivity of the wholesale sector, which plays a vital role in the state's overall economic activity.
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 trend to assess the state's economic conditions and inform decisions regarding regulations, infrastructure investments, and other initiatives that impact the wholesale trade industry.
Key Facts
- Arkansas's wholesale trade sector accounts for over 10% of the state's GDP.
- The real GDP of Arkansas's wholesale trade industry has grown by 3.2% annually over the past decade.
- Wholesale trade is the second-largest industry in Arkansas, employing over 50,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Arkansas trend measures the inflation-adjusted output of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the performance and contribution of the wholesale trade industry to Arkansas's overall economic activity, which is vital for policymakers and analysts.
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 trend to assess the state's economic conditions and inform decisions regarding regulations, infrastructure investments, and other initiatives that impact the wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Arkansas (ARWHOLERQGSP), retrieved from FRED.