Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
Quarterly, Seasonally Adjusted Annual Rate
SESTADMINWASTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187,567.60
Year-over-Year Change
2.40%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted annual rate of spending on state and local government administrative waste services in the United States. It provides insights into a key component of government expenditure.
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 Quarterly, Seasonally Adjusted Annual Rate of State and Local Government Administrative Waste Services (SESTADMINWASTRQGSP) tracks spending on administrative services by state and local governments in the U.S. This metric is used by economists and policymakers to analyze government fiscal health and identify opportunities for efficiency improvements.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of state and local government entities.
Historical Context
This trend is relevant for understanding government budgets and the efficient allocation of public resources.
Key Facts
- Quarterly data series began in 1947.
- Spending on administrative services accounts for 10-15% of state and local government budgets.
- The trend helps identify opportunities to reduce waste and optimize government operations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted annual rate of spending on administrative services by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into government fiscal health and helps identify opportunities to improve the efficiency of public sector operations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of state and local government entities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze government budgets and the allocation of public resources.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay.
Related Trends
Real Gross Domestic Product: Pipeline Transportation (486) in the Southeast BEA Region
SESTPIPETRANRGSP
Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in the Southeast BEA Region
SESTFRSTFISHNGSP
Chain-Type Quantity Index for Real GDP: Real Estate (531) in the Southeast BEA Region
SESTREALQGSP
Per Capita Personal Consumption Expenditures: Services: Other Services for Southeast BEA Region
SESTPCEPCOSRV
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in the Southeast BEA Region
SESTOILGASQGSP
Personal Consumption Expenditures: Services: Transportation Services for Southeast BEA Region
SESTPCETRANS
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (SESTADMINWASTRQGSP), retrieved from FRED.