Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arizona
AZRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,786.50
Year-over-Year Change
125.52%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in Arizona. It provides valuable insights into the performance and contribution of this sector to the state's overall economic activity.
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 significant component of Arizona's economy, encompassing activities such as operating real estate, renting and leasing of assets, and managing properties. This trend is used by economists and policymakers to analyze the health and growth of this industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is important for understanding the state's economic performance and informing policy decisions related to the real estate and rental and leasing sector.
Key Facts
- Arizona's real estate and rental and leasing industry accounts for a significant portion of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the overall expansion of the Arizona economy.
- The real estate and rental and leasing sector is a key driver of employment and investment in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of the real estate and rental and leasing sector to Arizona's overall economic activity, which is vital for understanding the state's economic health and informing policy 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 principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and growth of the real estate and rental and leasing industry in Arizona, which can inform policy decisions related to this important sector of the state's economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Arizona (AZRERENTLEANGSP), retrieved from FRED.