Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin
WIRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.47
Year-over-Year Change
29.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin measures the real output of this economic sector in the state.
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 inflation-adjusted production and sales of rental and leasing services, including equipment, vehicles, and intellectual property, which are important drivers of economic activity in Wisconsin.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar methodology.
Historical Context
This metric provides insight into the health and growth of a key service industry in the Wisconsin economy.
Key Facts
- The index uses 2012 as the base year.
- This sector accounts for over 2% of Wisconsin's total GDP.
- The index has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the rental and leasing services sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and importance of a key service industry within the Wisconsin economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the health and growth of the rental and leasing services industry, which is an important component of Wisconsin's overall economic activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin (WIRENTQGSP), retrieved from FRED.