Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin
WIRENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,240.50
Year-over-Year Change
29.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Wisconsin. It is a key indicator of economic activity and productivity in this important 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 GDP) series tracks the value of goods and services produced by the rental and leasing services and lessors of nonfinancial intangible assets industry in Wisconsin, adjusted for inflation. It is used by economists and policymakers to assess the overall health and growth of this industry within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using various government and private data sources.
Historical Context
This trend is useful for understanding the performance and contribution of the rental and leasing services sector to Wisconsin's economic output and growth.
Key Facts
- Wisconsin's rental and leasing services sector accounts for over 3% of the state's total GDP.
- This industry has seen steady growth in real GDP over the past decade.
- Rental and leasing services are a key component of Wisconsin's diversified services-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (Real GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and contribution of the rental and leasing services sector to Wisconsin's overall economic output and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using various government and private data sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and growth of the rental and leasing services industry within Wisconsin's economy, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin (WIRENTRGSP), retrieved from FRED.