Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut
CTRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,756.30
Year-over-Year Change
24.54%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Connecticut. It is a key indicator of economic activity and performance in this important 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 Connecticut's overall GDP. This metric tracks the value-added output of this industry, adjusted for inflation, providing insights into its contribution to the state's economic growth and performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to understand economic conditions and guide decision-making.
Key Facts
- Connecticut's real estate and rental and leasing industry accounts for over 20% of the state's GDP.
- This metric has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic had a significant but temporary impact on this industry's output in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of a key industry within Connecticut's economy, which is closely monitored by policymakers, businesses, and economic analysts.
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 methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market participants to understand economic conditions and guide decision-making related to the real estate and rental and leasing industry in Connecticut.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of a reporting period and the release of the latest data for this trend.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut (CTRERENTLEANQGSP), retrieved from FRED.