Gross Domestic Product: Waste Management and Remediation Services (562) in the District of Columbia
DCWASTENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.10
Year-over-Year Change
0.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the waste management and remediation services (NAICS 562) industry in the District of Columbia. It provides insights into the economic activity and productivity of this critical environmental 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 DCWASTENGSP series tracks the GDP contribution of waste management and remediation services in Washington, D.C. This data is used by economists and policymakers to analyze the size, growth, and competitiveness of the District's environmental services industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production, sales, and other economic indicators.
Historical Context
Trends in this industry's GDP are relevant for policies related to urban sustainability, environmental regulations, and waste infrastructure investment.
Key Facts
- The District of Columbia's waste management GDP was $1.1 billion in 2021.
- This industry accounts for 0.7% of D.C.'s total economic output.
- GDP in waste services grew by 3.2% annually from 2015 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the waste management and remediation services industry (NAICS 562) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the size, growth, and economic importance of the waste management sector in D.C., which is crucial for urban sustainability and environmental policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production, sales, and other economic indicators for the waste services industry.
Q: How is this trend used in economic policy?
A: Trends in waste management GDP are relevant for policies related to urban sustainability, environmental regulations, and waste infrastructure investment in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Waste Management and Remediation Services (562) in the District of Columbia (DCWASTENGSP), retrieved from FRED.