Real Gross Domestic Product: Waste Management and Remediation Services (562) in Montana
MTWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.20
Year-over-Year Change
18.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Waste Management and Remediation Services (562) in Montana measures the economic output of the waste management and remediation services industry in the state. This data is important for understanding the health and growth of this sector, which is crucial for environmental sustainability and community 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
This series tracks the real GDP, adjusted for inflation, generated by establishments primarily engaged in waste management and remediation services in Montana. It provides insight into the economic activity and productivity of this industry, which includes waste collection, treatment, and disposal, as well as environmental remediation and other waste management services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry estimates.
Historical Context
Policymakers and industry analysts use this trend to gauge the performance and economic contribution of the waste management sector in Montana.
Key Facts
- Montana's waste management GDP was $524 million in 2021.
- The sector accounts for 1.2% of the state's total economic output.
- Real GDP in this industry grew by 2.5% in Montana from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the waste management and remediation services industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the economic performance and contribution of the waste management sector, which is crucial for environmental sustainability and community infrastructure in Montana.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to gauge the economic activity and productivity of the waste management sector in Montana, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, so the most recent figures may not reflect the current state of the industry.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Montana (MTWASTERGSP), retrieved from FRED.