Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Louisiana
LAADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.97
Year-over-Year Change
-6.21%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the chain-type quantity index for real GDP in the administrative and support and waste management and remediation services sector in Louisiana. It provides insights into the state's economic output and productivity in this important industry.
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 for real GDP tracks changes in the volume of goods and services produced in a specific sector, adjusted for inflation. This metric is a key indicator of economic health and performance, helping policymakers and analysts understand growth trends and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This trend is widely used by economists, policymakers, and businesses to monitor Louisiana's economic conditions and competitiveness.
Key Facts
- Louisiana's administrative and support and waste management sector accounts for over 5% of the state's total GDP.
- The chain-type quantity index for this sector has grown by an average of 2.5% annually over the past decade.
- This industry employs more than 100,000 workers in Louisiana, making it a significant contributor to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the administrative and support and waste management and remediation services sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic output and productivity of an important industry in Louisiana, helping policymakers and businesses understand growth trends and make informed decisions.
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 practices.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and businesses to monitor Louisiana's economic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Louisiana (LAADMINWASTQQGSP), retrieved from FRED.