Gross Domestic Product: Waste Management and Remediation Services (562) in Delaware
DEWASTENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.80
Year-over-Year Change
93.24%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Waste Management and Remediation Services (562) in Delaware metric measures the economic output of the waste management and remediation services industry in the state. This data point is crucial for understanding Delaware's environmental services sector and its contribution to the state's overall 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
This series tracks the real gross domestic product (GDP) of the waste management and remediation services industry (NAICS code 562) in the state of Delaware. It provides insights into the scale and growth of this essential environmental services sector within the broader Delaware economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product account (NIPA) methodologies.
Historical Context
Policymakers and industry analysts use this data to assess the economic performance and outlook for Delaware's environmental services sector.
Key Facts
- Delaware's waste management and remediation services GDP was $686 million in 2021.
- This industry accounts for approximately 1.2% of Delaware's total economic output.
- The waste management and remediation services sector has grown by 3.2% annually in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of the waste management and remediation services industry (NAICS code 562) in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the scale and performance of Delaware's environmental services sector, which is crucial for understanding the state's overall economic activity and growth.
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 income and product account (NIPA) methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to assess the economic performance and outlook for Delaware's environmental services sector, which informs policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Waste Management and Remediation Services (562) in Delaware (DEWASTENGSP), retrieved from FRED.