Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Florida
FLRENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,970.80
Year-over-Year Change
94.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the rental and leasing services and lessors of nonfinancial intangible assets industry in Florida. It provides insight into the economic activity and productivity of this sector within the state.
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: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Florida metric tracks the inflation-adjusted output of this industry, which includes companies that rent, lease, or license tangible or intangible assets. This data is a key indicator of the health and growth of this segment of Florida's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the performance and trends within Florida's rental and leasing services sector.
Key Facts
- Florida's rental and leasing services industry accounts for over 3% of the state's GDP.
- This sector has seen steady growth over the past decade, outpacing the overall state economy.
- The rental and leasing services industry employs over 200,000 Floridians.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) for the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and growth of a key segment of Florida's economy, which can inform business decisions, economic forecasting, and policy analysis.
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: Economists, policymakers, and industry analysts use this metric to assess the health and growth of Florida's rental and leasing services sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be a several-month delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Florida (FLRENTRGSP), retrieved from FRED.