Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Indiana
INWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.54
Year-over-Year Change
25.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Indiana measures the real output of the waste management and remediation services industry in the state. This metric is important for economists and policymakers to understand economic activity and productivity in this key 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 Chain-Type Quantity Index tracks the real, inflation-adjusted output of the waste management and remediation services industry in Indiana. This data provides insight into the growth, productivity, and relative importance of this industry within the state's economy.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using survey data and other sources.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Indiana's waste management sector.
Key Facts
- The index uses 2012 as the base year.
- Indiana's waste management sector accounts for over 15,000 jobs.
- This industry contributed $1.2 billion to Indiana's GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Indiana measures the real, inflation-adjusted output of the waste management and remediation services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the growth, productivity, and relative importance of Indiana's waste management sector, which is crucial for understanding the state's overall economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using survey data and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Indiana's waste management industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Indiana (INWASTEQGSP), retrieved from FRED.