Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Illinois
ILRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.72
Year-over-Year Change
1.49%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Illinois measures the real output of the real estate and rental and leasing industry in the state. This metric is important for economists and policymakers to understand the productivity and economic contribution of this critical 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
This index tracks the quantity of real GDP produced by the real estate and rental and leasing industry in Illinois. It provides a standardized measure of the industry's economic activity, adjusting for inflation to enable comparisons over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This index informs economic analysis and policy decisions related to the real estate market and broader service sector in Illinois.
Key Facts
- The index uses 2012 as the base year.
- Values are indexed to 100 for the 2012 base period.
- Illinois accounts for over 4% of U.S. real estate GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or quantity of goods and services produced by the real estate and rental and leasing industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the productivity and economic contribution of the real estate sector, a key driver of growth in the Illinois economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: This index informs economic analysis and policy decisions related to the real estate market and broader service sector in Illinois.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Illinois (ILRERENTLEAQQGSP), retrieved from FRED.