Real Gross Domestic Product: Waste Management and Remediation Services (562) in the District of Columbia
DCWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-41.64%
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 the District of Columbia. It provides insight into the productivity and economic contribution of this critical 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
The Real Gross Domestic Product: Waste Management and Remediation Services (562) in the District of Columbia series tracks the inflation-adjusted economic output of this industry, which includes activities such as waste collection, treatment, and disposal. This metric is used by economists and policymakers to assess the overall health and growth of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Trends in this series can inform waste management policy decisions and investments in the District of Columbia.
Key Facts
- The waste management and remediation services industry accounts for approximately 1% of the District of Columbia's GDP.
- This series has shown steady growth over the past decade, reflecting the increasing importance of environmental services.
- Waste management is a key part of the District's infrastructure and sustainability efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the waste management and remediation services industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic contribution of the waste management sector, which is crucial for the District's infrastructure and sustainability efforts.
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 GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this series can inform waste management policy decisions and investments in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in the District of Columbia (DCWASTERGSP), retrieved from FRED.