Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Indiana
INRENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,254.50
Year-over-Year Change
93.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in Indiana. It provides insight into the economic 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 Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Indiana series tracks the inflation-adjusted economic output of companies involved in renting, leasing, and licensing intangible assets like patents and trademarks within the state. This data is used by economists to analyze industry trends and the broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This industry-level economic indicator helps policymakers and analysts understand the dynamics of Indiana's service economy.
Key Facts
- The rental and leasing services industry accounts for over 2% of Indiana's GDP.
- This sector has grown by an average of 3.2% annually over the past decade.
- Indiana's rental and leasing services GDP is 14% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This industry-level economic indicator provides insights into the performance and contributions of an important service sector within Indiana's economy.
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: This series helps policymakers and analysts understand the dynamics of Indiana's service economy and make informed decisions regarding industry and regional development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Indiana (INRENTRGSP), retrieved from FRED.