Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Rhode Island
Annual, Not Seasonally Adjusted
RIRERENTLEAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.97
Year-over-Year Change
10.39%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the gross state product, or total economic output, of the rental income of persons in the United States. This metric is an important indicator of the health and growth of the rental property sector.
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 Rental Income of Persons trend represents the total income earned by individuals from renting out residential and nonresidential properties. It is a key component of personal income and a useful measure of real estate market dynamics and consumer spending behavior.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Analysts and policymakers monitor this metric to assess the broader economic climate and make informed decisions regarding housing, consumer spending, and tax policies.
Key Facts
- Rental income is a significant component of personal income in the U.S.
- The trend has shown steady growth over the past decade, reflecting the strength of the housing market.
- Rental income data is used to calculate GDP and analyze consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total rental income earned by individuals in the United States, which is a key component of personal income and a valuable indicator of real estate market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and real estate analysts as it provides insights into the health of the rental property sector, consumer spending patterns, and broader economic conditions.
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 the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to assess the broader economic climate and make informed decisions regarding housing, consumer spending, and tax policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (RIRERENTLEAQGSP), retrieved from FRED.