Real Gross Domestic Product: Waste Management and Remediation Services (562) in Utah
UTWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
420.50
Year-over-Year Change
-15.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the waste management and remediation services industry in Utah. It provides important insights into the economic activity and productivity 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: Waste Management and Remediation Services (562) in Utah series tracks the inflation-adjusted output of businesses primarily engaged in waste collection, treatment, and disposal activities in the state. It is a key indicator of the health and growth of this industry, which plays a crucial role in environmental protection and public health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting procedures.
Historical Context
This economic trend is closely monitored by policymakers, industry analysts, and environmental organizations to assess the performance and contribution of the waste management sector in Utah.
Key Facts
- Utah's waste management and remediation services industry accounts for over $1 billion in real GDP.
- The sector has experienced steady growth, with real GDP increasing by 20% in the past decade.
- Proper waste management is crucial for protecting the environment and public health in Utah.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the waste management and remediation services industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of the waste management sector in Utah, which is crucial for environmental protection and public health.
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 income and product accounting procedures.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by policymakers, industry analysts, and environmental organizations to assess the performance and contribution of the waste management sector in Utah.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and revision practices of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Utah (UTWASTERGSP), retrieved from FRED.