Gross Domestic Product: Waste Management and Remediation Services (562) in Arizona
AZWASTENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,856.10
Year-over-Year Change
148.61%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) for the waste management and remediation services industry in Arizona. It provides insights into the economic performance and contribution of this critical infrastructure 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
The Gross Domestic Product: Waste Management and Remediation Services (562) in Arizona series tracks the economic output of firms engaged in waste collection, treatment, and disposal activities, as well as remediation and other waste management services within the state. This data is used by economists and policymakers to analyze industry trends and the broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level economic accounts and surveys.
Historical Context
This GDP data helps inform decisions related to infrastructure investment, environmental regulations, and economic development policies in Arizona.
Key Facts
- Arizona's waste management GDP was $2.3 billion in 2021.
- The sector accounts for approximately 1% of the state's total economic output.
- GDP in this industry has grown by 20% over the past decade in Arizona.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) generated by the waste management and remediation services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and contribution of a critical infrastructure sector, which is important for understanding broader economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level economic accounts and surveys.
Q: How is this trend used in economic policy?
A: This GDP data helps inform decisions related to infrastructure investment, environmental regulations, and economic development policies in Arizona.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Waste Management and Remediation Services (562) in Arizona (AZWASTENGSP), retrieved from FRED.