Real Gross Domestic Product: Real Estate (531) in Indiana
INREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,034.50
Year-over-Year Change
15.03%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Real Estate (531) in Indiana measures the economic output of the real estate sector in the state. This indicator is important for understanding Indiana's overall economic performance and identifying trends in the state's real estate industry.
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: Real Estate (531) in Indiana represents the inflation-adjusted value added by the real estate industry to the state's gross domestic product. This metric is a key indicator of the health and productivity of Indiana's real estate sector, which is a significant component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists use this trend to inform decisions and analyses related to Indiana's real estate market and overall economic conditions.
Key Facts
- Indiana's real estate sector accounts for over 10% of the state's GDP.
- The real estate industry in Indiana has experienced steady growth in recent years.
- Fluctuations in this trend can signal changes in the state's housing market and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Real Estate (531) in Indiana measures the inflation-adjusted economic output of the real estate industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and contribution of Indiana's real estate sector to the state's overall economic activity, which can inform policy decisions and market analyses.
Q: How is this data collected or calculated?
A: The data is collected and 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 economists use this trend to assess the health of Indiana's real estate market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a short delay in publication to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Indiana (INREALRGSP), retrieved from FRED.