Real Gross Domestic Product: Real Estate (531) in Delaware
DEREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,234.20
Year-over-Year Change
6.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Real Estate (531) in Delaware trend measures the inflation-adjusted output of the real estate industry in the state. It is a key indicator of economic activity and can inform policy decisions.
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 metric tracks the real value-added output of the real estate sector in Delaware, including activities such as property rental, leasing, and management. It is a component of the state's overall GDP and provides insight into the health and growth of this important industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary models and survey information.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the Delaware real estate market and its contribution to the state's economic performance.
Key Facts
- Delaware's real estate GDP was $5.9 billion in 2021.
- The real estate sector accounts for 12.4% of Delaware's total GDP.
- Real estate GDP in Delaware grew by 3.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Real Estate (531) in Delaware trend measures the inflation-adjusted output or value-added of the real estate industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of the real estate sector, which is a key driver of Delaware's economy. It helps policymakers and analysts assess the state's economic health and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary models and survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the Delaware real estate market and its contribution to the state's overall economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months. There may be limitations in capturing all real estate activities or accounting for changes in the industry over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Delaware (DEREALRGSP), retrieved from FRED.