Gross Domestic Product: Real Estate and Rental and Leasing (53) in Utah
UTRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,838.20
Year-over-Year Change
31.01%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Utah. It provides important insights into the performance and contribution of this key economic 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 real estate and rental and leasing industry is a significant component of Utah's economy. This data series tracks the inflation-adjusted value added by this industry to the state's overall GDP, offering insights into its economic role and trends over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this data to evaluate the health and growth of Utah's real estate market and its impact on the broader state economy.
Key Facts
- Utah's real estate and rental and leasing industry accounts for over 15% of the state's GDP.
- This sector has experienced steady growth over the past decade, outpacing the overall state economy.
- The data is released quarterly, providing timely insights into industry trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) contribution of the real estate and rental and leasing industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and economic impact of Utah's real estate sector, which is a crucial component of the state's overall 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: Policymakers and analysts use this data to evaluate the health and growth of Utah's real estate market and its broader impact on the state economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, providing timely insights into industry trends, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Utah (UTRERENTLEANQGSP), retrieved from FRED.