Real Gross Domestic Product: Real Estate (531) in Ohio
OHREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,773.50
Year-over-Year Change
15.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) generated by the real estate industry in the state of Ohio. It provides important insights into the economic performance and growth of this crucial sector.
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 (531) in Ohio trend tracks the inflation-adjusted value added to the state's GDP by the real estate, rental, and leasing industry. This data helps analysts and policymakers understand the health and contribution of Ohio's real estate market to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by real estate investors, developers, and economic planners to inform investment decisions and policy.
Key Facts
- Ohio's real estate industry accounts for over 12% of the state's total GDP.
- Real estate GDP in Ohio has grown by an average of 3.2% annually over the past decade.
- The COVID-19 pandemic caused a 5.1% decline in Ohio's real estate GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product generated by Ohio's real estate, rental, and leasing industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and economic contribution of Ohio's real estate sector, which is a crucial 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 accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by real estate investors, developers, and economic planners to inform investment decisions and policy in Ohio.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
Related Trends
Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Ohio
OHMISCMANQGSP
Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Ohio
OHDATAWWWRGSP
All Employees: Retail Trade: Gasoline Stations and Fuel Dealers in Ohio
SMU39000004245700001
Housing Inventory: Active Listing Count in Ohio
ACTLISCOUOH
All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Ohio
SMU39000006054160001SA
Real Gross Domestic Product: Military in Ohio
OHGOVFEDMILRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Ohio (OHREALRGSP), retrieved from FRED.