Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Maryland
MDRERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,196.80
Year-over-Year Change
3.67%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) contribution of the real estate and rental and leasing industry in Maryland. It provides insights into the economic performance of this key sector.
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 industry is a significant component of Maryland's economy. This series tracks the inflation-adjusted, or real, GDP generated by this industry, offering valuable insights into its economic contributions and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and analysts use this trend to gauge the health and outlook of Maryland's real estate market and broader economy.
Key Facts
- Maryland's real estate and rental and leasing industry accounts for a significant portion of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the resilience of the state's real estate market.
- The data is reported on a quarterly basis, providing timely insights into the industry's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, or inflation-adjusted, gross domestic product (GDP) contribution of the real estate and rental and leasing industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and contributions of Maryland's real estate sector, which is a key driver of the state's 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: Policymakers and analysts use this trend to gauge the health and outlook of Maryland's real estate market and broader economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, providing timely insights into the industry's economic performance.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Maryland (MDRERENTLEARQGSP), retrieved from FRED.