Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Minnesota
MNRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.62
Year-over-Year Change
8.10%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Minnesota measures the real output of the real estate and rental and leasing industry in the state. This metric is important for policymakers and economists to understand economic performance and trends in 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
This index represents the real, inflation-adjusted output of the real estate and rental and leasing industry in Minnesota. It is a component of the state's overall real GDP and provides insight into the health and productivity of this industry within the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
This index is used by policymakers, economists, and market analysts to assess economic conditions and trends in Minnesota's real estate and rental/leasing sector.
Key Facts
- The index has a base year of 2012.
- The real estate and rental/leasing sector accounts for over 15% of Minnesota's GDP.
- This index has increased by 18% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Minnesota measures the real, inflation-adjusted output of the real estate and rental/leasing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into the performance and productivity of a key sector of Minnesota's economy, which is crucial information for policymakers, economists, and market 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 surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and market analysts to assess economic conditions and trends in Minnesota's real estate and rental/leasing sector, which informs economic and industry policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Minnesota (MNRERENTLEAQQGSP), retrieved from FRED.