Real Gross Domestic Product: Real Estate (531) in Iowa
IAREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,823.60
Year-over-Year Change
5.79%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Real Estate (531) in Iowa measures the economic output of the real estate sector in the state. This metric is important for understanding regional economic growth and the performance of the housing and construction industries.
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 series represents the real estate component of Iowa's gross domestic product, adjusted for inflation. It provides insight into the size and dynamics of this key industry within the state's overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and real estate analysts monitor this trend to gauge the health of Iowa's housing market and make informed decisions.
Key Facts
- Iowa's real estate GDP accounted for 12.4% of the state's total economic output in 2021.
- The real estate sector grew by 3.2% in Iowa in 2020, outpacing the overall state GDP growth.
- Iowa's real estate GDP per capita was $6,854 in 2021, above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) contribution of the real estate sector in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and performance of Iowa's housing and construction industries, which are important drivers of regional economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts monitor this trend to gauge the health of Iowa's housing market and make informed decisions about economic development, housing policy, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Iowa (IAREALRGSP), retrieved from FRED.