Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi
MSRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,269.40
Year-over-Year Change
73.57%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Mississippi. It provides insight into the strength and growth of this key sector of the state'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
The real estate and rental and leasing industry is a major component of Mississippi's GDP, encompassing activities related to the ownership, leasing, and management of properties. This trend offers a snapshot of the overall performance and contribution of this industry to the state's economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP measurement for the state of Mississippi.
Historical Context
This trend is closely monitored by policymakers, businesses, and market analysts to gauge the health and direction of Mississippi's real estate and rental markets.
Key Facts
- Mississippi's real estate and rental and leasing industry accounts for over 15% of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's expanding housing and commercial property markets.
- The performance of this industry is closely tied to broader economic conditions and population trends in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and growth of a key sector of Mississippi's economy, which is closely watched by policymakers, businesses, 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 as part of its comprehensive GDP measurement for the state of Mississippi.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers in Mississippi to gauge the health and direction of the state's real estate and rental markets, which have significant implications for economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and can have a lag of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi (MSRERENTLEANGSP), retrieved from FRED.