Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin
WIRERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,726.80
Year-over-Year Change
7.69%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Wisconsin. It provides insight into the performance and contribution of this key sector 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 series tracks the inflation-adjusted value added by this industry to the state's GDP. It is an important indicator of the health and growth of Wisconsin's real estate and rental markets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the broader economic conditions in Wisconsin.
Key Facts
- The real estate and rental and leasing industry accounts for over 12% of Wisconsin's GDP.
- This trend has shown steady growth over the past decade, reflecting the strength of the state's property markets.
- Wisconsin's real estate sector outperformed the national average during the COVID-19 pandemic.
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 Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the performance and growth of a key sector of Wisconsin's economy, which is important for policymakers, businesses, and investors to monitor.
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: This trend is closely watched by policymakers, economists, and industry analysts to assess the broader economic conditions and market dynamics in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of a few months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin (WIRERENTLEARQGSP), retrieved from FRED.