Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Arkansas
Quarterly, Seasonally Adjusted Annual Rate
ARADMINWASTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,771.10
Year-over-Year Change
6.38%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAAR) measures the value of administrative and waste services provided in the United States on an annualized basis. This key economic indicator helps policymakers and analysts track trends in the services sector.
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 ARADMINWASTRQGSP series represents the seasonally adjusted, annualized dollar value of administrative and support services, as well as waste management and remediation services, produced within the U.S. economy. This metric is a component of the broader services sector and provides insight into the health and growth of the administrative services industry.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The ARADMINWASTRQGSP trend is used by economists, policymakers, and market analysts to assess the performance and outlook of the services sector.
Key Facts
- The series is reported on a quarterly basis.
- The annualized value reached $334 billion in Q4 2022.
- Administrative and waste services account for over 10% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (ARADMINWASTRQGSP) measures the annualized dollar value of administrative and support services, as well as waste management and remediation services, produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the administrative and waste services sector, which is an important component of the broader U.S. services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the ARADMINWASTRQGSP trend to assess the performance and outlook of the services sector, which is crucial for understanding the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The ARADMINWASTRQGSP data is reported on a quarterly basis, with a typical delay of 2-3 months following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ARADMINWASTRQGSP), retrieved from FRED.