Real Gross Domestic Product: Waste Management and Remediation Services (562) in the Southeast BEA Region
SESTWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,507.00
Year-over-Year Change
14.10%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the waste management and remediation services industry (NAICS 562) in the Southeast region of the United States. It provides insights into the economic activity and productivity of this important environmental 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 Real Gross Domestic Product: Waste Management and Remediation Services (562) in the Southeast BEA Region is a key indicator of the output and contribution of the waste management industry to the regional economy. It tracks inflation-adjusted GDP specifically for the waste management and remediation services sector in the Southeast.
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 metric is used by economists, policymakers, and industry analysts to monitor the health and growth of the waste management sector and its role in the broader Southeast regional economy.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Waste management and remediation services account for approximately 0.5% of total GDP in the Southeast region.
- This sector has seen steady growth of around 2-3% annually in the Southeast over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the waste management and remediation services industry (NAICS 562) in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic activity and productivity of the important environmental services sector, which is relevant for economists, policymakers, and industry analysts monitoring the health and growth of the waste management industry in the Southeast region.
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 metric is used by economists, policymakers, and industry analysts to monitor the health and growth of the waste management sector and its role in the broader Southeast regional economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in the Southeast BEA Region (SESTWASTERGSP), retrieved from FRED.