by Michael Pakko | Jun 30, 2023
New reports on personal income and GDP for the first quarter show signs of relative weakening of the Arkansas economy. Personal income increased at a 3.2% annual rate in the first quarter, well below the national growth rate of 5.1%. (Personal income figures are not...
by Michael Pakko | Apr 5, 2023
The latest data from the Bureau of Economic Analysis reports that real GDP growth in Arkansas proceeded at a 3.2% annual rate in the fourth quarter. U.S. GDP growth rate for the quarter was 2.6% for the quarter. Growth over the four quarters of 2022 totaled 1.9% in...
by Michael Pakko | Dec 23, 2022
The Bureau of Economic Analysis reported today that Arkansas GDP expanded at an annual growth rate of 1.3% in the third quarter. The BEA report noted that 47 states plus the District of Columbia showed positive growth. Arkansas’ growth rate ranked 41st among...
by Michael Pakko | Sep 30, 2022
New data for state GDP was released today by the Bureau of Economic Analysis. Arkansas GDP was reported to have declined at an annual rate of 3.0% in the second quarter compared to a more modest rate of decline of 0.6% for the United States. Arkansas GDP was...
by Michael Pakko | Jul 9, 2021
The U.S. Bureau of Economic Analysis recently published state-level estimates of Gross Domestic Product for the first quarter of 2021. The report showed widespread recovery from the COVID-19-induced recession of 2020, with all 50 states showing sizable quarterly...
by Michael Pakko | Jan 5, 2021
State-level GDP data for the third quarter were released over the holidays (December 23). The latest data showed that Arkansas Real GDP increased 7.1% in Q3 (an annual rate of 31.8%). The nationwide growth rate was 7.5% (annual rate 33.4%). The change in real GDP...