Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Missouri
MOADMINWASTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,085.20
Year-over-Year Change
1.42%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services sector in Missouri. It provides insights into the productivity and growth of this important service industry within the state's 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
The Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Missouri series tracks the inflation-adjusted output of businesses engaged in administrative and support services, as well as waste management and remediation services, in the state. This metric is used by economists and policymakers to analyze the performance and contribution of this sector to Missouri's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using methods to adjust for inflation and seasonal variations.
Historical Context
This economic trend is relevant for understanding the health and competitiveness of Missouri's service industry, which is a key driver of employment and economic growth in the state.
Key Facts
- Missouri's administrative and support services sector accounts for over 8% of the state's GDP.
- Real GDP in this sector grew by 3.2% in Missouri between 2019 and 2020.
- The waste management and remediation services industry employs over 20,000 workers in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of an important service industry within Missouri's economy, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using methods to adjust for inflation and seasonal variations.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and competitiveness of Missouri's service industry, which is a key driver of employment and economic growth in the state.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Missouri (MOADMINWASTRQGSP), retrieved from FRED.