Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware
DERERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,437.20
Year-over-Year Change
5.65%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Delaware. It provides insight 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 estate and rental and leasing industry is a crucial component of Delaware's economy. This trend tracks the inflation-adjusted output of this sector, offering valuable information about its growth, productivity, and role in the state's economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to understand the health and dynamics of Delaware's real estate market and its broader economic implications.
Key Facts
- Delaware's real estate and rental and leasing sector accounts for a significant portion of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the importance of the industry to Delaware's economy.
- Monitoring this trend can provide insights into the state's housing market, commercial real estate activity, and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the real estate sector to Delaware's overall economic activity, which is crucial for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the health and dynamics of Delaware's real estate market and its broader economic implications, informing policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revisions of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or minor historical adjustments.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Delaware (DERERENTLEARQGSP), retrieved from FRED.