Gross Domestic Product: Real Estate and Rental and Leasing (53) in Louisiana
LARERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,838.60
Year-over-Year Change
17.85%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real value-added by the real estate and rental and leasing industry in Louisiana's gross domestic product. It provides insights into the health and growth of a key sector of the state's economy.
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 encompasses a wide range of economic activities, including residential and commercial property management, equipment and vehicle leasing, and real estate services. This trend offers a detailed view of the industry's contribution to Louisiana's overall economic output.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and analysts use this trend to understand the performance and outlook of Louisiana's real estate and rental market.
Key Facts
- Louisiana's real estate and rental and leasing industry accounts for over 12% of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's vibrant property market.
- The industry is a major employer in Louisiana, with over 100,000 workers in the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value-added by the real estate and rental and leasing industry to Louisiana's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of a key sector of Louisiana's economy, which can inform investment decisions, policy development, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the health and growth of Louisiana's real estate and rental market, which can inform decisions around housing, infrastructure, and economic development policies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months. There may also be revisions to previous periods as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Louisiana
LAFRSTFISHRGSP
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Louisiana
LARERENTLEANGSP
Coefficient for Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Louisiana
EMISSCO2CHLACBLAA
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Louisiana
LABP1FHSA
Monthly State Retail Sales: Health and Personal Care Stores in Louisiana
MSRSLA446
Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Louisiana
LAFABRMETRGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Louisiana (LARERENTLEANQGSP), retrieved from FRED.