Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,885.70
Year-over-Year Change
118.90%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) contribution of the Administrative and Support and Waste Management and Remediation Services industry in Delaware. It provides insight into a key service sector's economic performance.
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 Administrative and Support and Waste Management and Remediation Services industry includes activities such as office administration, facilities support, waste collection, and remediation services. Tracking this industry's GDP contribution offers valuable macroeconomic data for policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry statistics.
Historical Context
This industry-level GDP trend is used to assess the health and competitiveness of Delaware's service economy.
Key Facts
- Delaware's Administrative and Support and Waste Management and Remediation Services industry contributed $3.2 billion to GDP in 2021.
- This industry accounted for 3.6% of Delaware's total GDP in 2021.
- GDP from this sector grew by 2.8% in Delaware between 2020 and 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) contribution of the Administrative and Support and Waste Management and Remediation Services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking this industry's GDP contribution provides valuable insights into the performance and competitiveness of a key service sector within Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This industry-level GDP trend is used by policymakers and analysts to assess the health and competitiveness of Delaware's service economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 3-6 months after the end of the reference period.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Delaware (DEADMINWASTNGSP), retrieved from FRED.