Chain-Type Quantity Index for Real GDP: Real Estate (531) in North Carolina
NCREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.00
Year-over-Year Change
34.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in North Carolina measures the inflation-adjusted real output of the real estate industry in the state. This metric is a key indicator of economic activity and investment in the region's property market.
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 Chain-Type Quantity Index for Real GDP: Real Estate (531) in North Carolina tracks the real, inflation-adjusted production and output of the real estate sector in the state. This helps analysts and policymakers assess trends in the local property market and broader economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output over time.
Historical Context
Economists and investors closely monitor this index to gauge the health of North Carolina's real estate industry and broader economic performance.
Key Facts
- North Carolina's real estate industry accounts for over 5% of the state's GDP.
- The real estate index uses 2012 as the base year for calculating real output.
- Real estate is a key driver of economic activity in many local North Carolina markets.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in North Carolina measures the real, inflation-adjusted output and production of the state's real estate industry.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable indicator of activity and investment in North Carolina's property market, which is a significant driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real output over time.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the health of North Carolina's real estate industry and broader economic conditions, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-3 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in North Carolina (NCREALQGSP), retrieved from FRED.