Gross Domestic Product: Real Estate and Rental and Leasing (53) in Idaho
IDRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,732.00
Year-over-Year Change
147.92%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures real gross domestic product (GDP) for the real estate and rental and leasing sector in Idaho. It provides insights into the economic performance and growth of this key industry 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
Real estate and rental and leasing is a major component of Idaho's economy, accounting for a significant portion of the state's overall GDP. This data series tracks the real, inflation-adjusted output of this sector, offering economists and policymakers visibility into the health and dynamics of this critical industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This metric is used by analysts and policymakers to assess the broader economic conditions and development trends in Idaho.
Key Facts
- Idaho's real estate and rental and leasing sector accounts for over 20% of the state's GDP.
- This industry has seen steady growth, with an average annual increase of 3.2% over the past decade.
- The data is reported quarterly and is an important leading indicator of the state's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) for the real estate and rental and leasing sector in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of a critical industry within Idaho's economy, which is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to assess the broader economic conditions and development trends in Idaho, informing decision-making and policy initiatives.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical delay of 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Idaho (IDRERENTLEANGSP), retrieved from FRED.