Gross Domestic Product: Real Estate and Rental and Leasing (53) in Indiana
INRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,404.30
Year-over-Year Change
70.09%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real estate and rental and leasing sector's contribution to the gross domestic product (GDP) of the state of Indiana. It provides insights into the performance and importance of this key industry within the state's economy.
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 Estate and Rental and Leasing (53) sector in Indiana's GDP represents the economic activity generated by businesses involved in real estate, rental, and leasing services. This data is used by economists and policymakers to analyze the state's economic structure, growth, and the role of the real estate industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national income accounting principles.
Historical Context
This trend is relevant for understanding the health and dynamics of Indiana's real estate market and its impact on the broader state economy.
Key Facts
- Indiana's real estate and rental and leasing sector accounts for over 13% of the state's GDP.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
- The performance of this industry is closely watched by policymakers and investors as an indicator of Indiana's economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the real estate and rental and leasing sector to the gross domestic product (GDP) of the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and importance of the real estate industry within Indiana's broader economy, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national income accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand the dynamics of Indiana's real estate market and its impact on the state's overall economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a moderate delay from the end of the reporting period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Indiana (INRERENTLEANGSP), retrieved from FRED.