Chain-Type Quantity Index for Real GDP: Real Estate (531) in Mississippi
MSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.62
Year-over-Year Change
16.29%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Mississippi measures the real output of the real estate sector in the state's economy. This metric is important for economists and policymakers to assess the health and growth of the local real estate market.
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 changes in the real, inflation-adjusted output of the real estate industry in Mississippi. It is a key indicator of economic activity and can provide insights into broader real estate and housing trends within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this metric to understand the real estate sector's contribution to Mississippi's overall economic performance.
Key Facts
- The index is based on 2012 as the reference year.
- Real estate accounts for over 15% of Mississippi's total GDP.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the real estate industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of Mississippi's real estate sector, which is a significant contributor to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand the real estate sector's contribution to Mississippi's economy and to inform decisions related to housing, urban development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Mississippi (MSREALQGSP), retrieved from FRED.