Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana
MTRERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,502.50
Year-over-Year Change
37.02%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures real gross domestic product (GDP) for the real estate and rental and leasing sector in Montana. It provides insight into the state's real estate and rental industry, which is an important component of the overall 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 Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana series tracks the inflation-adjusted value added by this industry to the state's GDP. It is a key indicator of the health and performance of Montana's real estate and rental market.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and market analysts use this trend to assess the state of Montana's real estate and rental sector and its contribution to the broader economic landscape.
Key Facts
- The real estate and rental and leasing sector accounts for about 13% of Montana's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's robust real estate market.
- Montana's real estate and rental industry is a significant employer, accounting for over 30,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the real estate and rental and leasing sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and health of Montana's real estate and rental industry, which is an important component of the state's overall economy.
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 national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the state of Montana's real estate and rental sector and its contribution to the broader economic landscape, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: This data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana (MTRERENTLEARGSP), retrieved from FRED.