Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Hawaii
HIRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.38
Year-over-Year Change
0.73%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Hawaii measures the volume of economic activity in the real estate and rental/leasing sector of Hawaii's economy. This trend is crucial for understanding the state's overall economic performance and identifying potential growth or slowdown in the real estate industry.
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
This index tracks changes in the real, inflation-adjusted output of the real estate and rental/leasing industry in Hawaii. It is a key indicator of the health and productivity of a vital sector of the state's economy, with implications for employment, investment, and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Policymakers and economists use this index to assess the real estate market's contribution to Hawaii's economic growth and inform decisions around housing, zoning, and business regulations.
Key Facts
- Hawaii's real estate and rental/leasing sector accounts for over 12% of the state's GDP.
- The index uses 2012 as the base year with a value of 100.
- The index reached a peak of 116.45 in 2019 before declining due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Hawaii measures the real, inflation-adjusted output of the real estate and rental/leasing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding the health and performance of a key sector of Hawaii's economy, with implications for employment, investment, and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the real estate market's contribution to Hawaii's economic growth and inform decisions around housing, zoning, and business regulations.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a typical 1-2 month delay in the release of the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Hawaii (HIRERENTLEAQQGSP), retrieved from FRED.