Chain-Type Quantity Index for Real GDP: Real Estate (531) in Wisconsin
WIREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.81
Year-over-Year Change
3.40%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Wisconsin measures the real, inflation-adjusted output of the real estate sector in the state. This provides key insights into the health and growth of the Wisconsin 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 index tracks the volume of real estate-related economic activity in Wisconsin, adjusting for price changes over time. It is a valuable indicator for understanding trends in the state's property markets and broader economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this index to assess the real estate industry's contribution to Wisconsin's GDP and broader economic conditions.
Key Facts
- Wisconsin's real estate sector accounts for over 12% of the state's GDP.
- The real estate index has grown by an average of 3.2% annually over the past decade.
- This indicator is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Wisconsin measures the real, inflation-adjusted output of the state's real estate sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides key insights into the health and growth of Wisconsin's property markets, which is important for understanding the state's broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the real estate industry's contribution to Wisconsin's GDP and broader economic conditions.
Q: Are there update delays or limitations?
A: This indicator is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Wisconsin (WIREALQGSP), retrieved from FRED.