Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
SESTADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188,119.30
Year-over-Year Change
49.23%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the economic performance and productivity of this important 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 real GDP for the administrative and support and waste management and remediation services industry in the Southeast BEA region is a key indicator of the region's economic activity and competitiveness in this service-oriented sector. It is used by economists and policymakers to analyze regional economic trends and support informed decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This economic trend is relevant for understanding the Southeast region's service industry performance and its implications for broader economic policy.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The administrative and support and waste management and remediation services industry includes activities such as office administration, facilities support, and waste collection and treatment.
- This industry accounts for a significant portion of the Southeast region's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of an important service sector in the Southeast region, which is useful for economists and policymakers analyzing regional economic trends and making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the Southeast region's service industry performance and its implications for broader economic policy, such as regional development strategies and competitiveness initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedule and potential revisions as other GDP-related statistics released by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region (SESTADMINWASTRGSP), retrieved from FRED.