Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Missouri
MOADMINWASTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.35
Year-over-Year Change
30.51%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Missouri measures the volume of economic output in this industry sector. It is a key indicator of productivity and economic health in the state.
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 value of goods and services produced by administrative, support, waste management, and remediation businesses in Missouri. It is used by policymakers, analysts, and businesses to assess the performance and outlook of this important service industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index formula.
Historical Context
Trends in this index are monitored by economists and industry leaders to inform policy decisions and business strategies.
Key Facts
- Missouri's administrative and waste services sector accounts for over 4% of state GDP.
- This index has grown by 15% over the past 5 years.
- The sector employs more than 200,000 workers in Missouri.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output from administrative, support, waste management, and remediation services businesses in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insight into the productivity and economic health of an important service industry in Missouri, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index formula.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to understand the performance and outlook of Missouri's administrative and waste services sector, which informs decisions about economic development, regulation, and other policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of approximately 3 months.
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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 Missouri (MOADMINWASTQGSP), retrieved from FRED.