Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Missouri
MOWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.10
Year-over-Year Change
19.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Missouri measures the real output of the waste management and remediation services 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
The Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of Missouri's waste management and remediation services industry over time. This data provides insights into the productivity and growth of this sector, which is crucial for the state's environmental infrastructure and sustainability initiatives.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real, inflation-adjusted changes in the industry's gross domestic product.
Historical Context
Trends in the waste management industry's output are closely monitored by policymakers and analysts to gauge the state's progress on environmental goals and infrastructure investment.
Key Facts
- Missouri's waste management sector accounts for over 20,000 jobs.
- The waste industry generates $2.5 billion in annual revenue in the state.
- Recycling and sustainability initiatives have driven recent growth in this sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Missouri tracks the real, inflation-adjusted output of the state's waste management industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and growth of Missouri's waste management sector, which is crucial for the state's environmental infrastructure and sustainability initiatives.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real, inflation-adjusted changes in the industry's gross domestic product.
Q: How is this trend used in economic policy?
A: Trends in the waste management industry's output are closely monitored by policymakers and analysts to gauge Missouri's progress on environmental goals and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Missouri (MOWASTEQGSP), retrieved from FRED.