Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
SESTADMINWASTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.45
Year-over-Year Change
49.23%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the administrative and support and waste management and remediation services (NAICS 56) industry within the Southeast region of the United States. It provides insights into the productivity and output growth of this key service 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 for real GDP is a measure that adjusts for price changes to provide a more accurate representation of economic output over time. This specific index focuses on the administrative and waste management services industry in the Southeast region, offering valuable data for analyzing regional economic performance and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Historical Context
This trend is useful for policymakers, economists, and industry analysts to understand the dynamics and contributions of the administrative and waste management services sector within the Southeast regional economy.
Key Facts
- The index is based on 2012 as the reference year.
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The administrative and waste management services sector accounts for a significant portion of the regional economy in the Southeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the administrative and support and waste management and remediation services (NAICS 56) industry within the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the productivity and output growth of the administrative and waste management services sector, which is an important component of the Southeast regional economy. It is useful for policymakers, economists, and industry analysts to understand the dynamics and contributions of this key service sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to understand the performance and growth of the administrative and waste management services sector within the Southeast regional economy, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the U.S. Bureau of Economic Analysis' regional economic accounts.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region (SESTADMINWASTQGSP), retrieved from FRED.