Gross Domestic Product: Real Estate (531) in Mississippi
MSREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,433.90
Year-over-Year Change
64.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Real Estate (531) in Mississippi' series measures the real estate sector's contribution to the state's overall economic output. This indicator provides insights into the health and performance of Mississippi's 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
This series represents the real estate sector's value added to Mississippi's gross domestic product (GDP). It captures the economic activity generated by residential and commercial real estate, including rental income, property management, and real estate services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists closely monitor this indicator to assess the role of real estate in Mississippi's economy and make informed decisions.
Key Facts
- Mississippi's real estate sector contributed $12.8 billion to the state's GDP in 2021.
- The real estate industry accounts for approximately 13% of Mississippi's total economic output.
- Real estate has been a consistent driver of economic growth in Mississippi over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Gross Domestic Product: Real Estate (531) in Mississippi' series measures the value added by the real estate sector to the state's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and performance of Mississippi's real estate industry, which is a significant contributor to 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the role of real estate in Mississippi's economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, typically with a lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in Mississippi (MSREALNGSP), retrieved from FRED.