Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in South Carolina
Annual, Not Seasonally Adjusted
SCADMINWASTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,177.90
Year-over-Year Change
74.59%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures total administrative and waste services output in the United States. This metric provides insights into a key service sector of the economy.
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 diverse range of activities, including office administration, facilities support, and waste management services. This data series offers a high-level view of economic activity within this important services segment.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Analysts and policymakers monitor this trend to assess the health of the services economy.
Key Facts
- The administrative and waste services sector accounts for over 8% of U.S. GDP.
- Employment in this sector has grown by over 10% in the past decade.
- Service sector activity is a key driver of overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output or gross value added by the administrative and waste services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a critical service sector that supports business operations and economic activity across the economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the overall health of the services economy and make informed decisions.
Q: Are there update delays or limitations?
A: This data is published annually with a lag of several months due to the survey-based collection process.
Related Trends
Gross Domestic Product: Private Industries in South Carolina
SCPINQGSP
Average Weekly Hours of All Employees: Private Service Providing in South Carolina
SMU45000000800000002A
Gross Domestic Product: Administrative and Support Services (561) in South Carolina
SCADMINSUPNGSP
Real Gross Domestic Product: Primary Metal Manufacturing (331) in South Carolina
SCPRIMETMANRGSP
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in South Carolina
SMU45000003133600001SA
People 25 Years and Over Who Have Completed a Graduate or Professional Degree for South Carolina
GCT1503SC
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SCADMINWASTNGSP), retrieved from FRED.