Gross Domestic Product: Real Estate and Rental and Leasing (53) in Idaho
IDRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,504.90
Year-over-Year Change
34.75%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real estate and rental and leasing sector's contribution to the gross domestic product (GDP) of Idaho. It is a key indicator of the state's economic activity and real estate market conditions.
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: Real Estate and Rental and Leasing (53) in Idaho series represents the economic output of the real estate, rental, and leasing industries within the state. This data is used by economists and policymakers to assess the health and trajectory of Idaho's real estate sector and its overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend is widely monitored by real estate investors, developers, and government officials to inform policy decisions and market strategies.
Key Facts
- Idaho's real estate and rental and leasing sector accounts for over 20% of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's thriving real estate market.
- The data is released quarterly by the BEA as part of the comprehensive GDP reporting for U.S. states and territories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real estate, rental, and leasing industries' contribution to the gross domestic product (GDP) of the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and performance of Idaho's real estate sector, which is a significant driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by real estate investors, developers, and government officials to inform policy decisions and market strategies in Idaho.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, so there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Idaho (IDRERENTLEANQGSP), retrieved from FRED.