Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Delaware
DERERENTLEAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.50
Year-over-Year Change
44.99%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Delaware measures the real output of the real estate, rental, and leasing sector in the state. This metric is a key indicator of economic activity and productivity in a crucial 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 tracks the inflation-adjusted, volume-based output of real estate, rental, and leasing businesses in Delaware. It is an important component of the state's overall real GDP, providing insights into a major service-producing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Historical Context
Economists and policymakers use this index to monitor the health and growth of Delaware's real estate and rental markets.
Key Facts
- The index is based on 2012 as the reference year.
- The sector accounts for over 12% of Delaware's total real GDP.
- The index reached a peak in 2006 before declining during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the real estate, rental, and leasing sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The real estate sector is a key driver of economic activity in Delaware, so this index provides important insights into the productivity and growth of a major industry in the state.
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 its regional GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor the health and growth of Delaware's real estate and rental markets, which informs economic and housing policy decisions.
Q: Are there update delays or limitations?
A: The index is updated quarterly, but there may be some delays in the release of the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Delaware (DERERENTLEAQGSP), retrieved from FRED.