Real Gross Domestic Product: Waste Management and Remediation Services (562) in Iowa
IAWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
359.00
Year-over-Year Change
17.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the waste management and remediation services industry in Iowa. It provides insights into the economic performance and productivity of this important 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 Real Gross Domestic Product: Waste Management and Remediation Services (562) in Iowa series tracks the inflation-adjusted output of businesses engaged in waste collection, treatment, and disposal activities in the state. This data helps economists and policymakers assess the health and contribution of the waste management industry to Iowa's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in this industry can inform discussions around environmental policies, infrastructure investments, and the role of the waste management sector in local and regional economies.
Key Facts
- Iowa's waste management GDP accounts for about 0.5% of the state's total economic output.
- The industry employs over 9,000 workers in Iowa.
- Real GDP in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the waste management and remediation services industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and productivity of the waste management industry, which is an important component of Iowa's overall economy and can inform discussions around environmental policies, infrastructure, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this industry can inform discussions around environmental policies, infrastructure investments, and the role of the waste management sector in local and regional economies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but may be subject to revision and can have a delay of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Iowa (IAWASTERGSP), retrieved from FRED.