Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in the Southeast BEA Region
SESTRERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
750,250.30
Year-over-Year Change
44.03%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the Southeast region of the United States. It provides insights into the performance and contribution of this key sector to the regional economy.
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 Domestic Product: Real Estate and Rental and Leasing (53) in the Southeast BEA Region is a data series that tracks the inflation-adjusted output of the real estate, rental, and leasing industry in the Southeast Bureau of Economic Analysis (BEA) region. It is a valuable indicator for understanding the health and growth of this vital service industry within the regional economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using national income and product accounts (NIPA) methodology.
Historical Context
This trend is closely monitored by policymakers, investors, and economic analysts to assess the regional real estate market and its broader implications for the Southeast economy.
Key Facts
- The real estate and rental and leasing industry accounts for a significant portion of the Southeast region's GDP.
- This trend has shown steady growth over the past decade, reflecting the region's expanding real estate market.
- The Southeast region's real estate and rental and leasing sector is a key driver of economic activity and employment in the area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the real estate and rental and leasing industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the real estate and rental and leasing sector to the overall economy of the Southeast region, making it a key indicator for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using national income and product accounts (NIPA) methodology.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and economic analysts to assess the regional real estate market and its broader implications for the Southeast economy, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the BEA, and may have some inherent limitations in capturing the full scope of the real estate and rental and leasing industry in the Southeast region.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in the Southeast BEA Region (SESTRERENTLEARGSP), retrieved from FRED.