Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware
DERERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,689.50
Year-over-Year Change
19.66%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend 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 activity and performance of this key 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 Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware series represents the value-added output of the real estate and rental and leasing industry within the state's overall economic production. It is a vital indicator for understanding the health and dynamics of Delaware's real estate market and its broader economic implications.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on standard national accounting principles.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the state's economic conditions and make informed decisions.
Key Facts
- Delaware's real estate and rental and leasing industry accounts for a significant portion of its GDP.
- The trend has shown steady growth over the past decade, reflecting the state's robust real estate market.
- Monitoring this metric helps policymakers understand the economic drivers and make informed decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the real estate and rental and leasing industry to the gross domestic product (GDP) of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and importance of the real estate sector within Delaware's overall economy, which is crucial for policymakers, investors, 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 based on standard national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the state's economic conditions and make informed decisions that can impact the real estate market and broader economic development.
Q: Are there update delays or limitations?
A: The data is typically released with a lag, and users should be aware of any potential delays or limitations in the underlying data sources.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware (DERERENTLEANQGSP), retrieved from FRED.