Gross Domestic Product: Real Estate (531) in Missouri
MOREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,296.00
Year-over-Year Change
67.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Real Estate (531) in Missouri' trend measures the real estate contribution to the state's overall economic output. This metric is crucial for understanding the importance of the real estate sector in Missouri'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
This series represents the real estate industry's gross domestic product (GDP) in the state of Missouri. It is part of the broader 'Real Estate and Rental and Leasing' category, which captures the economic activity generated by the real estate market.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their GDP by state estimates.
Historical Context
Policymakers and analysts use this trend to gauge the health and performance of Missouri's real estate market and its overall economic impact.
Key Facts
- Missouri's real estate GDP was $34.2 billion in 2020.
- The real estate sector accounts for over 12% of Missouri's total GDP.
- Missouri's real estate GDP has grown by 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the real estate industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the importance of the real estate sector in Missouri's overall economy and can inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their GDP by state estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the health and performance of Missouri's real estate market and its overall economic impact, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the BEA, with a typical 1-year delay in the most recent figures.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Real Estate (531) in Missouri (MOREALNGSP), retrieved from FRED.