Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,303.80
Year-over-Year Change
-1.87%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real gross domestic product (GDP) for the Administrative and Support and Waste Management and Remediation Services (NAICS sector 56) industry in Delaware. It provides important insights into a key service sector of the state's economy.
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: Administrative and Support and Waste Management and Remediation Services (56) in Delaware series tracks the output and productivity of businesses in this industry, which includes activities like office administration, facilities support, waste collection, and remediation services. This data helps economists and policymakers assess the health and trends of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This series can inform state-level economic and policy decisions, as well as provide context for analysts studying the Administrative and Support and Waste Management services industry.
Key Facts
- Delaware's Administrative and Support and Waste Management sector accounts for 4.9% of the state's total GDP.
- This industry grew by 2.7% in Delaware from 2019 to 2020.
- Nationally, the Administrative and Support Services subsector is the 7th largest by GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) for the Administrative and Support and Waste Management and Remediation Services (NAICS sector 56) industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into a key service sector of Delaware's economy, helping economists and policymakers assess the health and trends of this industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: This series can inform state-level economic and policy decisions, as well as provide context for analysts studying the Administrative and Support and Waste Management services industry.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP statistics published by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Delaware (DEADMINWASTRQGSP), retrieved from FRED.