Real Gross Domestic Product: Waste Management and Remediation Services (562) in Delaware
DEWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.50
Year-over-Year Change
12.03%
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 Delaware. It provides insights into the economic performance and productivity of this sector within the state.
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 Delaware series tracks the inflation-adjusted value added by the waste management and remediation services industry to the state's overall economic output. This metric is crucial for analyzing the relative size and contribution of this industry to Delaware's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts use this trend to assess the economic health and competitiveness of Delaware's waste management and remediation services sector.
Key Facts
- Delaware's waste management and remediation services industry accounts for over 1% of the state's total economic output.
- This industry has experienced steady growth in recent years, outpacing the overall state economy.
- The waste management and remediation services sector is a key contributor to Delaware's environmental sustainability efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the waste management and remediation services industry in the state of Delaware. It tracks the inflation-adjusted value added by this sector to the state's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and productivity of Delaware's waste management and remediation services industry, which is crucial for policymakers and industry analysts to assess the sector's contribution to the state's economy.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the economic health and competitiveness of Delaware's waste management and remediation services sector, which informs policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis, which may result in occasional delays or revisions to the published figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Delaware (DEWASTERGSP), retrieved from FRED.