Real Gross Domestic Product: Waste Management and Remediation Services (562) in Nebraska
NEWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.00
Year-over-Year Change
22.25%
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 Nebraska. It provides insights into the performance and growth of this crucial sector, which handles the state's waste disposal and environmental cleanup activities.
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 Nebraska metric tracks the inflation-adjusted economic output of this industry within the state. It is an important indicator of the overall health and productivity of Nebraska's environmental services sector.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the economic conditions and growth potential of Nebraska's waste management and remediation services.
Key Facts
- Nebraska's waste management GDP grew 3.2% in 2021.
- The waste industry accounts for 2.1% of Nebraska's total economic output.
- Waste services employment in Nebraska increased by 4.5% last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the waste management and remediation services industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of Nebraska's crucial environmental services sector, which handles the state's waste disposal and cleanup activities.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the economic conditions and growth potential of Nebraska's waste management and remediation services.
Q: Are there update delays or limitations?
A: There may be a 1-2 quarter delay in the availability of this data due to the time required for collection and analysis by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Nebraska (NEWASTERGSP), retrieved from FRED.