Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arkansas
ARRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,846.20
Year-over-Year Change
21.78%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Arkansas. It provides insight into the performance and growth of this key sector of the state'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 real estate and rental and leasing industry is a major component of Arkansas's GDP, reflecting the importance of housing, commercial real estate, and related services to the state's economic activity. This trend helps analysts and policymakers understand the health and dynamics of this industry within Arkansas.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
This metric is useful for evaluating the real estate market and broader economic conditions in Arkansas.
Key Facts
- Arkansas's real estate and rental/leasing industry accounts for over 12% of the state's GDP.
- This sector has grown by an average of 3.2% annually over the past 5 years.
- The real estate industry is a major employer in Arkansas, supporting over 50,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and growth of a key sector of Arkansas's economy, which can inform analyses of the state's economic conditions and real estate market.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to evaluate the health of Arkansas's real estate industry and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arkansas (ARRERENTLEANQGSP), retrieved from FRED.