Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware
DERERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,136.40
Year-over-Year Change
100.36%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real estate and rental and leasing industry's contribution to the gross domestic product (GDP) of Delaware. It provides insights into the economic importance of this sector within the state.
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 key component of Delaware's economic activity. This series tracks the inflation-adjusted value added by this industry to the state's GDP, offering a gauge of its productivity and growth over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health and performance of Delaware's real estate and rental markets.
Key Facts
- Delaware's real estate and rental/leasing industry accounts for over 10% of the state's GDP.
- This sector has seen steady growth in recent years, outpacing the overall state economy.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted contribution of the real estate and rental and leasing industry to Delaware's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic importance and performance of a key sector within Delaware's economy, which is useful for policymakers, investors, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry accounts.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the health of Delaware's real estate and rental markets, which can inform decisions around zoning, taxation, and other policies that impact this industry.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware (DERERENTLEANGSP), retrieved from FRED.