Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in South Dakota
Quarterly, Seasonally Adjusted
SDRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.45
Year-over-Year Change
9.68%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the seasonally adjusted quarterly growth rate of real gross state product (GSP) in the United States. It is a key indicator of overall economic performance and productivity at the state level.
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 real gross state product (GSP) growth rate tracks the change in the total value of goods and services produced within a state's economy, adjusted for inflation. It is used by economists and policymakers to assess regional economic conditions and compare growth across states.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
The real GSP growth rate provides important context for federal and state economic policies and business investment decisions.
Key Facts
- Positive real GSP growth indicates an expanding state economy.
- Negative real GSP growth signals an economic contraction.
- The U.S. national GDP growth rate differs from state-level GSP growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted growth rate of real gross state product (GSP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The real GSP growth rate is a key indicator of regional economic performance and productivity that informs economic policies and business decisions.
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: The real GSP growth rate provides important context for federal and state economic policies and business investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular revisions by the statistical agency, and there may be some delay in publishing the latest quarterly figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SDRERENTLEAQQGSP), retrieved from FRED.