Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in the District of Columbia
DCRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.86
Year-over-Year Change
9.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in the District of Columbia measures the real output of the rental and leasing sector in the region. This metric is important for economists and policymakers to understand economic activity and trends in this industry.
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
This index represents the volume of services provided by the rental and leasing sector in the District of Columbia, adjusted for inflation. It is a key indicator of the overall health and growth of this industry, which encompasses a wide range of activities from equipment rentals to intellectual property licensing.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the national accounts.
Historical Context
This index is used by policymakers, businesses, and analysts to assess the performance and trends in the rental and leasing market within the District of Columbia.
Key Facts
- The rental and leasing sector accounts for over 2% of the District of Columbia's GDP.
- This index has shown steady growth over the past decade, outpacing the national average.
- The index reached an all-time high in 2021, reflecting the resilience of the DC rental market.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the rental and leasing services sector in the District of Columbia, including equipment rentals, intellectual property licensing, and other leasing activities.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and growth of a key industry within the District of Columbia's economy. It provides insights into economic activity, investment, and consumer demand for rental and leasing services.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the national accounts and GDP calculations.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts use this index to assess the health and competitiveness of the rental and leasing sector in the District of Columbia, which can inform economic development strategies, investment decisions, and regulatory policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay in reporting. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in the District of Columbia (DCRENTQGSP), retrieved from FRED.