Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi
MSRERENTLEANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,726.50
Year-over-Year Change
23.33%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Mississippi. It provides insights into the performance and growth of this 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 is a significant contributor to Mississippi's GDP. This trend tracks the inflation-adjusted value-added output of this industry, offering a gauge of its economic activity and contribution to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Policymakers and analysts use this trend to assess the health and trajectory of Mississippi's real estate and rental and leasing sector, which has implications for the state's broader economic conditions.
Key Facts
- The real estate and rental and leasing industry accounts for over 15% of Mississippi's GDP.
- This trend has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic temporarily reduced this sector's output in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of a key sector of Mississippi's economy, with implications for the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and trajectory of Mississippi's real estate and rental and leasing sector, which has implications for the state's broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi (MSRERENTLEANQGSP), retrieved from FRED.