Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Iowa
IARENTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,496.20
Year-over-Year Change
49.46%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) contribution of the rental and leasing services and lessors of nonfinancial intangible assets industries in the state of Iowa. It provides insights into the economic activity and importance of these sectors within 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 Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Iowa trend represents the dollar value of goods and services produced by these industries in Iowa. It is a key indicator of the state's economic performance and the relative size and contribution of these service-based sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP estimates.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze the economic conditions and growth trends in Iowa.
Key Facts
- Iowa's rental and leasing services sector contributed $3.1 billion to state GDP in 2021.
- This industry grew by 4.2% in Iowa between 2020 and 2021.
- The rental and leasing services sector accounts for 1.9% of Iowa's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the rental and leasing services and lessors of nonfinancial intangible assets industries in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and importance of the rental and leasing services sector within Iowa's economy, which is useful for understanding the state's overall economic performance and growth.
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 its state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to analyze the economic conditions and growth trends in Iowa, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Economic Analysis state-level GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Iowa (IARENTNGSP), retrieved from FRED.