Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana
MTRERENTLEARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,697.80
Year-over-Year Change
6.52%
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 Montana. It provides insights into the performance and contribution of this sector to 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 Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana series represents the inflation-adjusted value added by the real estate and rental and leasing industry to the state's overall economic output. It is a key indicator for analyzing the health and growth of this important industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the economic conditions and outlook for Montana's real estate and rental and leasing sector.
Key Facts
- Montana's real estate and rental and leasing sector accounts for over 20% of the state's GDP.
- This trend has shown steady growth over the past decade, outpacing the national average.
- The real estate industry is a major employer and driver of economic activity in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the real estate and rental and leasing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Montana's real estate and rental and leasing sector, which is a significant driver of the state's 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 national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the economic conditions and outlook for Montana's real estate and rental and leasing sector, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months. There may be revisions to historical data as more complete information becomes available.
Related Trends
Wholesale Trade Wages and Salaries in Montana
MTWWHO
All Employees: Education and Health Services: Hospitals in Montana
SMU30000006562200001SA
All Employees: Wholesale Trade in Montana
SMS30000004100000001
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000011
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Montana
MTDURMANRGSP
Average Hourly Earnings of All Employees: Financial Activities in Montana
SMU30000005500000003
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana (MTRERENTLEARQGSP), retrieved from FRED.