Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Colorado
COADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.00
Year-over-Year Change
-2.66%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Colorado measures the inflation-adjusted economic output of this industry sector in the state. It is a key indicator for analysts and policymakers tracking the health of Colorado's service economy.
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 changes in the real, inflation-adjusted GDP for the administrative and support services, and waste management and remediation services industry in Colorado. It is a valuable tool for assessing the performance and productivity of this important services sector within the state's broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
Trends in this index are closely monitored by state economic development agencies, business leaders, and policymakers to gauge the broader service industry dynamics.
Key Facts
- The index uses 2012 as the base year.
- Colorado's administrative and waste services GDP has grown 18% since 2012.
- This sector accounts for over 7% of the state's total economic output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Colorado measures the inflation-adjusted economic output of this industry sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for analysts and policymakers tracking the health and performance of Colorado's service economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by state economic development agencies, business leaders, and policymakers to gauge the broader service industry dynamics in Colorado.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the index is dependent on the release schedule of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Colorado (COADMINWASTQQGSP), retrieved from FRED.