Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in South Carolina
Quarterly, Seasonally Adjusted
SCADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.46
Year-over-Year Change
5.68%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures quarterly, seasonally adjusted administrative and waste services gross output, which is a key indicator of activity in the administrative and waste management sectors of the U.S. 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 wide range of business support activities, including office administration, facilities management, employment services, and waste collection and disposal. This metric provides insight into the health and growth of these crucial service sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys of businesses in the administrative and waste services industries.
Historical Context
Analysts and policymakers monitor this trend to assess overall economic conditions and the performance of the service sector.
Key Facts
- Administrative and waste services account for over 8% of U.S. GDP.
- This industry employs more than 8 million workers nationwide.
- Quarterly gross output in this sector has grown by over 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarterly, seasonally adjusted gross output of the administrative and waste services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of crucial service sectors that support businesses and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys of businesses in the administrative and waste services industries.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess overall economic conditions and the performance of the service sector, which is a key driver of economic activity.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Retail Trade (44-45) in South Carolina
SCRETAILRGSP
Estimate of People Age 0-17 in Poverty in South Carolina
PEU18SC45000A647NCEN
All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in South Carolina
SMU45000006054130001
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for South Carolina
SCBP1FHSA
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in South Carolina
SCFRBCIRGSP
Civilian Labor Force for South Carolina
CIVLFSC
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SCADMINWASTQQGSP), retrieved from FRED.