Gross Domestic Product: Real Estate and Rental and Leasing (53) in North Carolina
NCRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110,045.50
Year-over-Year Change
29.08%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in North Carolina. It is an important indicator of economic activity in the state's real estate and housing sectors.
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 Gross Domestic Product: Real Estate and Rental and Leasing (53) in North Carolina trend tracks the inflation-adjusted value added by the real estate, rental, and leasing industry to the state's overall economic output. It provides insights into the health and performance of this key sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This metric is closely watched by policymakers, real estate investors, and economic analysts to assess North Carolina's economic conditions and outlook.
Key Facts
- North Carolina's real estate and rental/leasing sector accounts for over 20% of the state's total GDP.
- This trend has grown steadily over the past decade, reflecting the state's booming housing and commercial real estate markets.
- The industry experienced a sharp decline during the 2008-2009 recession but has since rebounded to new highs.
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 North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of North Carolina's real estate, rental, and leasing sectors, which are key drivers of the state's overall economic activity.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, real estate investors, and economic analysts to assess North Carolina's economic conditions and outlook.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in North Carolina (NCRERENTLEANQGSP), retrieved from FRED.