Chain-Type Quantity Index for Real GDP: Real Estate (531) in Louisiana
LAREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.42
Year-over-Year Change
6.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Louisiana measures the real economic output of the real estate sector in Louisiana. This metric is important for economists and policymakers to assess the state's economic growth and the performance of the 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 Chain-Type Quantity Index for Real GDP: Real Estate (531) in Louisiana is a measure of the real, inflation-adjusted economic output of the real estate sector in the state. It provides insights into the health and productivity of this crucial industry, which is a significant contributor to Louisiana's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This trend is widely used by economists, market analysts, and policymakers to evaluate the real estate market and its impact on Louisiana's broader economic performance.
Key Facts
- The real estate sector accounts for over 10% of Louisiana's total GDP.
- The Chain-Type Quantity Index has shown steady growth in Louisiana's real estate output since 2010.
- Real estate is a key driver of economic activity and employment in Louisiana.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Louisiana measures the real, inflation-adjusted economic output of the real estate sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Louisiana's real estate industry, which is a significant contributor to 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 using established national accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, market analysts, and policymakers to evaluate the real estate market and its impact on Louisiana's broader economic performance.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, with minimal delays.
Related Trends
Personal Consumption Expenditures: Services: Transportation Services for Louisiana
LAPCETRANS
Average Weekly Hours of All Employees: Education and Health Services in Louisiana
SMU22000006500000002A
Average Weekly Earnings of All Employees: Goods Producing in Louisiana
SMU22000000600000011
Average Weekly Hours of All Employees: Goods Producing in Louisiana
SMU22000000600000002A
All Employees: Education and Health Services: Offices of Physicians in Louisiana
SMU22000006562110001SA
All Employees: Construction: Residential Building Construction in Louisiana
SMU22000002023610001
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Louisiana (LAREALQGSP), retrieved from FRED.