Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Delaware
DEWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.04
Year-over-Year Change
12.08%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Delaware measures the inflation-adjusted output of the waste management industry in the state. This metric is important for analyzing economic activity and productivity in the environmental services 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
This index tracks the real, price-adjusted value of goods and services produced by Delaware's waste management and remediation industry. It is a key indicator of the sector's contribution to the state's overall economic output and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for price changes over time.
Historical Context
Policymakers and industry analysts monitor this index to assess the economic health and growth trends of Delaware's environmental services industry.
Key Facts
- Delaware's waste management industry accounts for over 3% of the state's total economic output.
- The index has grown by an average of 2.5% annually over the past decade.
- Waste management is one of Delaware's fastest-growing economic sectors.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real, inflation-adjusted value of goods and services produced by Delaware's waste management and remediation industry.
Q: Why is this trend relevant for users or analysts?
A: It is an important indicator of the economic health and productivity of Delaware's environmental services sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using a chain-weighted methodology to account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this index to assess growth and trends in Delaware's waste management industry.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Delaware (DEWASTEQGSP), retrieved from FRED.