Real Gross Domestic Product: Real Estate (531) in Maryland
MDREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,809.00
Year-over-Year Change
7.72%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Real Estate (531) in Maryland' series measures the real (inflation-adjusted) value added by the real estate industry to Maryland's overall economic output. This data is crucial for understanding the state's economic growth and the real estate sector's contribution.
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 series represents the real GDP contributed by the real estate industry, which includes activities like operating real estate, renting and leasing, and real estate services, in the state of Maryland. It is an important indicator of the real estate sector's performance and overall economic conditions in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Policymakers and economists use this trend to assess the health of Maryland's real estate industry and its impact on the state's broader economic landscape.
Key Facts
- Maryland's real estate industry accounts for a significant portion of the state's GDP.
- The real estate sector has been a key driver of economic growth in Maryland in recent years.
- Fluctuations in this trend can indicate changes in the overall health of Maryland's real estate market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value added by the real estate industry to Maryland's overall economic output or gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and contribution of Maryland's real estate sector to the state's broader economic growth and development.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Maryland's real estate industry and its impact on the state's overall economic landscape, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Maryland (MDREALRGSP), retrieved from FRED.