Real Gross Domestic Product: Waste Management and Remediation Services (562) in Arkansas
ARWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
522.60
Year-over-Year Change
54.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the waste management and remediation services industry in Arkansas. It is an important indicator for understanding the state's environmental services sector and economic activity.
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 Arkansas series tracks the inflation-adjusted value added by businesses in the waste management and environmental remediation industry within the state. This metric provides insight into the scale and productivity of Arkansas' environmental services market.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Policymakers and industry analysts use this trend to evaluate the economic health and growth of Arkansas' waste management sector.
Key Facts
- Arkansas' waste management GDP grew 3.2% in 2021.
- The waste industry accounts for 1.8% of Arkansas' total economic output.
- Environmental services employment in Arkansas rose 5.1% last year.
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 in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic health and growth of Arkansas' environmental services sector, which is an important part of the state's economy.
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 methods.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to evaluate the scale and productivity of Arkansas' waste management and environmental remediation industry.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a 3-month delay in reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Arkansas (ARWASTERGSP), retrieved from FRED.