Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Arizona
Annual, Not Seasonally Adjusted
AZADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,378.20
Year-over-Year Change
65.12%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total output of the waste management and remediation services industry in the United States. This metric is important for economists and policymakers to understand the health and productivity of the waste management 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 'Annual, Not Seasonally Adjusted' series tracks the gross state product (GSP) generated by establishments primarily engaged in waste collection, treatment and disposal, and remediation and other waste management services. This provides insight into the overall size and economic contribution of the waste management industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and pricing information.
Historical Context
Trends in waste management GSP are relevant for analyzing environmental policies, infrastructure investment, and the broader service economy.
Key Facts
- The waste management industry accounts for over $60 billion in annual gross state product.
- Waste services GDP has grown by over 30% in the past decade.
- The U.S. has over 15,000 establishments in the waste management and remediation services sector.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total gross state product generated by the waste management and remediation services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in waste management GSP provide important insights into the size, productivity, and economic contribution of the waste services sector, which is relevant for policymakers, investors, and industry 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 industry-level production and pricing information.
Q: How is this trend used in economic policy?
A: Waste management GSP trends are used by economists, policymakers, and industry stakeholders to analyze environmental policies, infrastructure investment, and the broader service economy.
Q: Are there update delays or limitations?
A: The data is released on an annual basis with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AZADMINWASTRGSP), retrieved from FRED.