Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Iowa
IARENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,255.60
Year-over-Year Change
25.87%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in Iowa. It is an important indicator of economic activity and investment in this sector.
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 Iowa series represents the inflation-adjusted value-added output of this industry within the state. It is used by economists and policymakers to analyze trends in investment, consumption, and the overall health of the Iowa economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Historical Context
This metric helps inform decisions around economic and fiscal policies that may impact the rental, leasing, and intangible asset industries in Iowa.
Key Facts
- The rental and leasing services industry accounts for around 2% of Iowa's GDP.
- This sector has seen steady growth over the past decade in Iowa.
- Intangible assets like patents and copyrights are an increasing share of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding investment, consumption, and overall economic health in Iowa, as the rental, leasing, and intangible asset industries are key drivers of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around economic and fiscal policies that may impact the rental, leasing, and intangible asset industries in Iowa.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have a delay of several months from the end of the reporting period.
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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 Iowa (IARENTRGSP), retrieved from FRED.