Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Nebraska
NEWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.45
Year-over-Year Change
22.24%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Nebraska measures the inflation-adjusted output of the waste management and remediation services industry in the state. This data is an important indicator of economic activity and environmental sustainability.
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 index tracks the real, inflation-adjusted value of goods and services produced by the waste management and remediation services industry in Nebraska. It is used by economists and policymakers to analyze trends in this key environmental services sector and its contribution to the state's overall economic output.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using reported industry revenue and price data.
Historical Context
Trends in this index provide insights into the health of Nebraska's waste management markets and environmental policy priorities.
Key Facts
- Nebraska's waste management industry accounts for over 10,000 jobs.
- The index has increased by 20% over the past decade.
- Waste services are a $1.5 billion industry in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Nebraska's waste management and remediation services industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the health and growth of Nebraska's environmental services sector and its contribution to the state's overall economic output.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using reported industry revenue and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the performance of Nebraska's waste management markets and inform environmental policy decisions.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Nebraska (NEWASTEQGSP), retrieved from FRED.