Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Connecticut
CTWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.55
Year-over-Year Change
-12.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Connecticut measures the real output of the waste management industry in the state. This metric is important for economists and policymakers to understand productivity trends in this key environmental 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
This index tracks the quantity of real GDP produced by the waste management and remediation services industry in Connecticut. It is a measure of the physical volume of goods and services, adjusted for price changes, to provide a better assessment of economic growth in this industry over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Trends in this index are relevant for policymakers and analysts monitoring the environmental services industry and its contribution to the overall state economy.
Key Facts
- Connecticut's waste management industry accounts for over $1 billion in GDP.
- The sector has seen steady growth of 2-3% annually over the past decade.
- Waste management is a key part of the state's environmental services industry.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or quantity of goods and services produced by the waste management and remediation services industry in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insight into the productivity and economic contribution of the waste management sector, which is an important part of Connecticut's environmental services industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to understand growth and productivity in the environmental services industry and its impact on the overall state economy.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a short lag, providing timely information on industry trends.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Connecticut (CTWASTEQGSP), retrieved from FRED.