Real Gross Domestic Product: Waste Management and Remediation Services (562) in Mississippi
MSWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
348.20
Year-over-Year Change
18.60%
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 Mississippi. It provides insights into the economic performance and productivity of this sector, which is crucial for understanding the state's environmental management and infrastructure.
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 Mississippi series measures the inflation-adjusted output of the waste management and remediation services industry in the state. This metric is used by economists and policymakers to analyze the economic contribution and growth of this sector, which is essential for managing environmental resources and public health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Historical Context
This economic trend is relevant for understanding the state's environmental management policies, infrastructure investments, and the overall economic performance of the waste management industry in Mississippi.
Key Facts
- Mississippi's waste management and remediation services industry contributed $1.2 billion to the state's GDP in 2021.
- The industry employed over 10,000 workers in Mississippi as of 2020.
- Real GDP in this sector has grown by 3.2% annually on average over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the waste management and remediation services industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of the waste management sector, which is crucial for understanding the state's environmental management and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state's environmental management policies, infrastructure investments, and the overall economic performance of the waste management industry in Mississippi.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical lag of 3 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Mississippi (MSWASTERGSP), retrieved from FRED.