Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Indiana
Annual, Not Seasonally Adjusted
INADMINWASTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,770.50
Year-over-Year Change
87.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total value of administrative and waste services output in the United States. This data provides insights into the overall performance and growth of the administrative and waste 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
The administrative and waste services industry encompasses a wide range of activities, including office administration, facilities support, business support, waste collection, and remediation services. This economic indicator offers a snapshot of the industry's output and can be used to analyze broader trends in the service sector.
Methodology
The data is collected through surveys conducted by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to gauge the health and trajectory of the administrative and waste services industry.
Key Facts
- The administrative and waste services industry accounts for over 8% of U.S. GDP.
- This sector employs more than 9 million workers nationwide.
- Output in the industry has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of output in the administrative and waste services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of a key service sector, which is closely watched by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the overall health and trajectory of the administrative and waste services industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INADMINWASTNGSP), retrieved from FRED.