Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in North Dakota
NDRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.06
Year-over-Year Change
5.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in North Dakota measures the real output of the real estate and rental and leasing sector in the state's economy. This metric is important for economists and policymakers to understand the performance and contributions of this key 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 index tracks the real, inflation-adjusted value of goods and services produced by the real estate, rental, and leasing industry in North Dakota. It is used to assess the economic health and productivity of this sector over time, which has significant implications for the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator provides important context for policymakers and market analysts evaluating the North Dakota economy.
Key Facts
- The real estate and rental/leasing sector accounts for over 10% of North Dakota's GDP.
- This index has shown steady growth in the past decade, outpacing the national average.
- The real estate industry is a key driver of economic activity and employment in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the real estate, rental, and leasing industry in North Dakota's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contributions of a crucial sector of the North Dakota 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: This indicator helps policymakers and market analysts evaluate the health and growth of North Dakota's economy, with implications for investment, regulation, and other policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months between the reference period and data publication by the statistical agencies.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in North Dakota (NDRERENTLEAQQGSP), retrieved from FRED.