Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Tennessee
TNADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,629.20
Year-over-Year Change
34.39%
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 Tennessee. It provides insight into the productivity and economic contribution 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 Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Tennessee series tracks the inflation-adjusted output of this industry, which includes activities such as office administration, facilities support, and waste collection and treatment. This data is used by economists and policymakers to analyze the performance and trends within this service-oriented sector of the Tennessee economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform policy decisions and market analysis related to the administrative and waste management services industry in Tennessee.
Key Facts
- Tennessee's administrative and waste services industry contributed $12.8 billion to the state's GDP in 2021.
- This sector has grown by 3.2% annually on average over the past 5 years.
- The administrative and waste services industry accounts for 4.3% of Tennessee's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the productivity and economic contribution of the administrative and waste services sector within the Tennessee economy, which is important for understanding broader industry and market trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and market analysis related to the administrative and waste management services industry in Tennessee.
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, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Tennessee (TNADMINWASTRGSP), retrieved from FRED.