Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin
WIRERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,047.50
Year-over-Year Change
5.63%
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 sector in Wisconsin. It provides insights into the performance and contribution of this industry to the state's overall economic activity.
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 Wisconsin metric tracks the inflation-adjusted output of the real estate, rental, and leasing industry within the state. It is a key indicator of the health and growth of this important economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry estimates.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to assess the strength of Wisconsin's real estate and rental markets.
Key Facts
- The real estate and rental and leasing sector accounts for over 13% of Wisconsin's total GDP.
- This trend has shown steady growth over the past decade, reflecting the state's robust housing and commercial property markets.
- Wisconsin's real estate industry employs more than 100,000 people, making it a significant contributor to the state's labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of Wisconsin's real estate industry to the state's overall economic activity, which is important for policymakers, investors, and economists.
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 GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the strength of Wisconsin's real estate and rental markets, which can inform decisions on housing, taxation, and other economic policies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin (WIRERENTLEARGSP), retrieved from FRED.