Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Pennsylvania
Quarterly, Seasonally Adjusted
PAADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.55
Year-over-Year Change
-2.11%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures quarterly, seasonally adjusted administrative and waste services output, a key component of the U.S. Gross State Product (GSP). It provides insight into the economic performance of the administrative and waste 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 administrative and waste services sector includes a range of business support activities, from office administration to waste management. This data series tracks the inflation-adjusted, quarter-over-quarter change in the output of this important service industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GSP estimates.
Historical Context
Economists and policymakers monitor this data to assess the health and growth of the broader service economy.
Key Facts
- The administrative and waste services sector accounts for over 10% of U.S. Gross State Product.
- This data is released quarterly by the Bureau of Economic Analysis.
- Seasonally adjusted data controls for predictable fluctuations throughout the year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted output of the administrative and waste services sector, which includes a range of business support activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and growth of an important service industry, which is useful for economists and policymakers assessing the broader U.S. economy.
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 comprehensive Gross State Product estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this data to assess the health and growth of the service economy, which is a critical component of the overall U.S. economic landscape.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Bureau of Economic Analysis, so there may be a delay of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PAADMINWASTQQGSP), retrieved from FRED.