Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut
CTRERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,823.70
Year-over-Year Change
8.79%
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 Connecticut. It is an important indicator for understanding the health and performance 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 Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut measures the inflation-adjusted economic output of this industry within the state. It provides insights into the overall activity and productivity levels of the real estate, rental, and leasing sectors.
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 widely used by economists, policymakers, and industry analysts to assess the performance and trajectory of Connecticut's real estate and rental markets.
Key Facts
- Connecticut's real estate and rental/leasing sector accounts for over 20% of the state's total GDP.
- This trend has shown steady growth in recent years, reflecting the strength of Connecticut's property markets.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the real estate, rental, and leasing industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and health of a key sector of Connecticut's economy, which is critical for understanding overall economic conditions in the state.
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 widely used by economists, policymakers, and industry analysts to assess the performance and trajectory of Connecticut's real estate and rental markets, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay between the end of the reporting period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut (CTRERENTLEARQGSP), retrieved from FRED.