Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Utah
UTADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,841.50
Year-over-Year Change
73.02%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the administrative, support, waste management, and remediation services industry in Utah. It provides insights into the performance and growth of this important sector of the state's economy.
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 Utah series tracks the inflation-adjusted output of businesses engaged in activities such as office administration, facility support services, waste collection, and environmental remediation. This metric is used by economists and policymakers to analyze the health and productivity of this industry within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of source data, including business surveys and administrative records.
Historical Context
This trend is relevant for understanding the broader economic conditions and policy decisions affecting Utah's service-based industries.
Key Facts
- Utah's administrative and waste services sector accounts for over 4% of the state's GDP.
- This industry has seen steady growth in recent years, outpacing the national average.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the administrative, support, waste management, and remediation services industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of an important service-based sector within Utah's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of source data, including business surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the broader economic conditions and policy decisions affecting Utah's service-based industries.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of a few months.
Related Trends
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Utah
EMISSCO2CHLICBUTA
Per Capita Personal Consumption Expenditures: Total for Utah
UTPCEPC
Real Median Household Income in Utah
MEHOINUSUTA672N
Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Utah
EMISSCO2VCLEIBUTA
Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Utah
MEDLISPRIPERSQUFEEYYUT
Coefficient for Commercial Carbon Dioxide Emissions, LPG (Fuel Use) for Utah
EMISSCO2CHLCCBUTA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Utah (UTADMINWASTRGSP), retrieved from FRED.