Gross Domestic Product: Real Estate and Rental and Leasing (53) in the District of Columbia
DCRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,671.30
Year-over-Year Change
21.62%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real (inflation-adjusted) gross domestic product (GDP) of the real estate and rental and leasing sector in the District of Columbia. It is an important indicator of economic activity and investment in the region's real estate and property markets.
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 sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets. This metric provides insights into the health and trends of this key industry within the District of Columbia's overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts monitor this metric to gauge the District's real estate market conditions and their broader economic implications.
Key Facts
- The real estate and rental and leasing sector accounts for a significant portion of D.C.'s overall economic output.
- This metric has shown steady growth in recent years, reflecting the District's robust real estate market.
- Fluctuations in this indicator can signal changes in commercial and residential investment in the region.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product (GDP) of the real estate and rental and leasing sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and performance of the District's real estate and property markets, which are crucial to the region's overall economic activity and growth.
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: Policymakers and analysts monitor this metric to gauge the District's real estate market conditions and their broader economic implications, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP-related statistics published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in the District of Columbia (DCRERENTLEANQGSP), retrieved from FRED.