Chain-Type Quantity Index for Real GDP: Real Estate (531) in Missouri
MOREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.35
Year-over-Year Change
18.24%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Missouri measures the real output of the real estate sector in the state. This metric is important for economists and policymakers to understand the health and growth of 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 index tracks the real, inflation-adjusted value of goods and services produced by the real estate industry in Missouri. It provides a comprehensive measure of the state's real estate economic activity and can be used to analyze trends in the sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this index to gauge the performance and contribution of Missouri's real estate industry to the state's overall economic growth.
Key Facts
- Missouri's real estate sector accounts for over 10% of the state's total GDP.
- The index has grown by an average of 3% annually over the past decade.
- Real estate is the largest industry in Missouri in terms of economic output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the real estate industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of Missouri's real estate sector to the overall state economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the health and growth of Missouri's real estate industry, which is a key driver of the state's economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
Related Trends
Gross Domestic Product: Food Services and Drinking Places (722) in Missouri
MOFOODDPNGSP
Resident Population in Missouri
MOPOP
All Employees: Health Care and Social Assistance in Missouri
SMU29000006562000001A
Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Missouri
U5UNEM5MO
State Government Tax Collections, Hunting and Fishing Licenses in Missouri
MOHUNTLICTAX
Value of Exports to Australia from Missouri
MOAUSA052SCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Missouri (MOREALQGSP), retrieved from FRED.