Gross Domestic Product: Real Estate (531) in Wisconsin
WIREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,119.70
Year-over-Year Change
46.49%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real estate industry's contribution to the gross domestic product (GDP) of Wisconsin. It provides insights into the economic performance and growth of the real estate sector 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 Gross Domestic Product: Real Estate (531) in Wisconsin series represents the value added by the real estate industry to the overall GDP of Wisconsin. It is a key indicator of the health and importance of the real estate sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
This trend is closely monitored by policymakers, investors, and real estate industry analysts to assess the economic conditions and outlook for the Wisconsin real estate market.
Key Facts
- Wisconsin's real estate industry accounts for a significant portion of the state's GDP.
- The real estate sector has been a key driver of economic growth in Wisconsin in recent years.
- Fluctuations in this trend can indicate changes in the broader Wisconsin housing and commercial real estate markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value added by the real estate industry to the gross domestic product (GDP) of the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and importance of the real estate sector within the Wisconsin economy, which is critical for policymakers, investors, and industry analysts.
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 their regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the health and outlook of the Wisconsin real estate market, which can inform economic and housing policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is part of the Bureau of Economic Analysis's regional economic accounts, which are published on a quarterly basis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in Wisconsin (WIREALNGSP), retrieved from FRED.