Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Massachusetts
MARERENTLEAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.93
Year-over-Year Change
26.70%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Massachusetts measures the real output of the real estate and rental and leasing sector in the state. This metric is important for economists and policymakers to track the health and growth of this key industry.
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 real, inflation-adjusted output of the real estate and rental and leasing sector in Massachusetts over time. It is a useful indicator of economic activity and productivity within this important service industry, which makes up a significant portion of the state's GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity data.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the performance and outlook for the real estate and leasing sectors in Massachusetts.
Key Facts
- The real estate and rental/leasing sector accounts for over 18% of Massachusetts' GDP.
- This index uses 2012 as the base year with a value of 100.
- The index reached an all-time high of 121.83 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the real estate and rental and leasing sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for tracking the health and growth of a key industry that makes up a significant portion of Massachusetts' economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity data.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and industry analysts to assess the performance and outlook for the real estate and leasing sectors in Massachusetts.
Q: Are there update delays or limitations?
A: The data 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 Massachusetts (MARERENTLEAQGSP), retrieved from FRED.