Chain-Type Quantity Index for Real GDP: Real Estate (531) in Rhode Island
RIREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.24
Year-over-Year Change
7.62%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Rhode Island measures the real output of the real estate sector in Rhode Island. This trend is an important indicator of economic activity and growth in the state.
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 Rhode Island is a measure of the real output, or volume, of the real estate industry in Rhode Island. It is a key component of the state's overall real GDP and helps economists and policymakers assess the performance of this critical sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This trend is used by economists, policymakers, and market analysts to gauge the health and trajectory of Rhode Island's real estate industry and broader economy.
Key Facts
- Rhode Island's real estate sector accounts for a significant portion of the state's overall economic output.
- The Chain-Type Quantity Index has shown steady growth in Rhode Island's real estate industry in recent years.
- Changes in this index can signal shifts in housing construction, commercial development, and other real estate activity.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Rhode Island measures the real, inflation-adjusted output of the real estate sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of Rhode Island's real estate industry, which is a critical component 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 a chain-weighted methodology to measure real output.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess the health and trajectory of Rhode Island's real estate sector and broader economy, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is dependent on the publication schedule of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Rhode Island (RIREALQGSP), retrieved from FRED.