Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware
DERERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,138.60
Year-over-Year Change
44.99%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Delaware. It provides important insights into the performance and contribution of this key sector to the state's overall economic activity.
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 GDP for the real estate and rental and leasing industry in Delaware represents the inflation-adjusted value of goods and services produced by this sector. It is a crucial indicator for understanding the state's economic landscape and evaluating the role of this industry in Delaware's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health and dynamics of Delaware's real estate and related industries.
Key Facts
- Delaware's real estate and rental and leasing industry accounts for a significant portion of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the importance of this sector to Delaware's economy.
- The data is released quarterly by the BEA and is a key metric for monitoring the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Delaware. It provides insights into the performance and contribution of this key sector to the state's overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for policymakers, economists, and market analysts as it allows them to assess the health and dynamics of Delaware's real estate and related industries, which are crucial to the state's overall economic growth 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 (BEA) using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to evaluate the performance and contribution of Delaware's real estate and rental and leasing industry, which informs economic policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, and there may be some update delays due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware (DERERENTLEARGSP), retrieved from FRED.