Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Indiana
INRENTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,878.10
Year-over-Year Change
130.25%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the rental and leasing services, and lessors of nonfinancial intangible assets sectors in the state of Indiana. It provides insights into the performance and contribution of these industries to the state's overall economic activity.
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 INRENTNGSP series represents the GDP generated by companies engaged in renting, leasing, and licensing various tangible and intangible assets in Indiana. This data is useful for analyzing the role of these service-based industries in the state's economic landscape and their impact on overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This economic indicator is relevant for policymakers, investors, and businesses seeking to understand the dynamics of Indiana's service-based economy.
Key Facts
- Indiana's rental and leasing services sector accounts for a significant portion of the state's GDP.
- The GDP for this industry has shown steady growth over the past decade.
- Trends in this sector can provide insights into the broader service-based economy in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) generated by companies engaged in rental, leasing, and licensing of various tangible and intangible assets in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of the rental and leasing services sector to Indiana's overall economic activity, which is important for understanding the state's service-based economy.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for policymakers, investors, and businesses seeking to understand the dynamics of Indiana's service-based economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the broader regional GDP estimates published by the U.S. Bureau of Economic Analysis.
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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 Indiana (INRENTNGSP), retrieved from FRED.