Gross Domestic Product: Real Estate (531) in Oregon
ORREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,838.40
Year-over-Year Change
82.65%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Real Estate (531) in Oregon' trend measures the real estate industry's contribution to the overall economic output in the state of Oregon. This metric is crucial for understanding the health and dynamics of Oregon's real estate sector and its impact on 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
This series represents the real estate industry's share of Oregon's Gross Domestic Product (GDP), which includes activities such as rental income, real estate services, and real estate-related construction. It provides insight into the relative importance of the real estate industry within the state's economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
Policymakers and real estate industry analysts use this trend to gauge the performance and significance of the real estate sector in Oregon's economy.
Key Facts
- Oregon's real estate industry accounts for over 10% of the state's GDP.
- The real estate sector has experienced steady growth in Oregon over the past decade.
- Real estate-related activities are a significant driver of economic activity in Oregon.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real estate industry's contribution to the Gross Domestic Product (GDP) of the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the importance and performance of the real estate sector within Oregon's overall economy, which is crucial for policymakers, investors, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and real estate industry analysts use this trend to gauge the significance of the real estate sector in Oregon's economy and inform policy decisions related to the housing market, land use, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the BEA, and there may be a time lag between the current period and the most recent data available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in Oregon (ORREALNGSP), retrieved from FRED.