Gross Domestic Product: Waste Management and Remediation Services (562) in South Dakota
SDWASTENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.60
Year-over-Year Change
81.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the waste management and remediation services industry in South Dakota. It provides insights into the economic activity and output of this sector within the state.
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 Gross Domestic Product: Waste Management and Remediation Services (562) in South Dakota series tracks the total value of goods and services produced by businesses in the waste management and environmental remediation industry in the state. This metric is used by economists and policymakers to analyze the relative importance and performance of this industry within South Dakota's overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
Trends in this metric can inform waste management policies, infrastructure investments, and environmental regulations at the state level.
Key Facts
- South Dakota's waste management GDP was $250 million in 2021.
- This industry accounts for 0.5% of the state's total economic output.
- Waste management GDP has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the waste management and remediation services industry in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic activity and performance of the waste management sector, which is important for policymakers, industry analysts, and businesses in South Dakota.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform waste management policies, infrastructure investments, and environmental regulations at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Waste Management and Remediation Services (562) in South Dakota (SDWASTENGSP), retrieved from FRED.