Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Arkansas
ARWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.76
Year-over-Year Change
54.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Arkansas measures the inflation-adjusted output of the waste management and remediation services industry in the state. This metric is important for economists and policymakers to gauge the productivity and growth of this key service 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
This index provides a measure of the real, inflation-adjusted quantity of goods and services produced by the waste management and remediation services industry in Arkansas. It is used to track changes in the industry's economic output over time, which informs broader analyses of the state's service-providing sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes based on the chain-type method.
Historical Context
Trends in this index help policymakers and analysts assess the health and competitiveness of Arkansas' waste management industry relative to broader economic conditions.
Key Facts
- The index uses 2012 as the base year.
- Arkansas' waste management sector accounted for 0.5% of state GDP in 2020.
- The index reached a high of 117.58 in 2019 before declining in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output or real quantity of goods and services produced by the waste management and remediation services industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Tracking this index helps economists and policymakers assess the productivity and growth of Arkansas' waste management sector, which is an important component of the state's overall service-providing industries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes based on the chain-type method.
Q: How is this trend used in economic policy?
A: Trends in this index inform analyses of the competitiveness and health of Arkansas' waste management industry, which can influence policy decisions related to infrastructure, regulation, and economic development in this sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months, so there may be a delay in accessing the most recent figures.
Related Trends
Personal Consumption Expenditures: Services: Food Services and Accommodations for Arkansas
ARPCEFDSRVACCMD
Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Arkansas
ARPCEPCFOOD
Coefficient for Transportation Carbon Dioxide Emissions, Distillate Fuel for Arkansas
EMISSCO2CDFACBARA
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Arkansas
ARNDURMANQQGSP
Exports of Goods: Non-Manufactured Commodities for Arkansas
EXPNONAR
Estimate of People of All Ages in Poverty in Arkansas
PEAAAR05000A647NCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Arkansas (ARWASTEQGSP), retrieved from FRED.