Real Gross Domestic Product: Real Estate (531) in Wisconsin
WIREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,315.30
Year-over-Year Change
3.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the real estate industry in Wisconsin. It provides important insights into the health and performance of the state's real estate sector, which is a key driver of economic growth.
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 (531) in Wisconsin series tracks the inflation-adjusted value added by the real estate industry to the state's overall economic output. It is a widely used indicator of the real estate sector's contribution to the Wisconsin economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Historical Context
This metric is closely monitored by policymakers, economists, and real estate market participants to assess economic conditions and guide investment and policy decisions.
Key Facts
- Wisconsin's real estate sector accounts for approximately 13% of the state's total GDP.
- Real estate GDP growth in Wisconsin has outpaced the national average over the past decade.
- The COVID-19 pandemic had a significant impact on Wisconsin's real estate industry, leading to a decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the real estate industry in the state of Wisconsin, providing insights into the performance and contribution of the real estate sector to the state's overall economy.
Q: Why is this trend relevant for users or analysts?
A: The real estate industry is a crucial component of Wisconsin's economy, and this metric is closely monitored by policymakers, economists, and real estate market participants to assess economic conditions and guide investment and policy 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 national income and product accounts methodology.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and real estate market participants to assess the health and performance of Wisconsin's real estate sector, which is a key driver of economic growth in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, and there may be a lag of several months before the most recent data is available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Wisconsin (WIREALRGSP), retrieved from FRED.