Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin
WIRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,744.40
Year-over-Year Change
52.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in Wisconsin. It provides insights into the performance and contribution of this key sector to the state's overall economic activity.
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 estate and rental and leasing industry is a significant component of Wisconsin's economy. This series tracks the inflation-adjusted GDP generated by this industry, offering valuable data for analyzing the state's economic trends and evaluating the performance of this crucial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
Policymakers and economists use this trend to assess the health and growth of Wisconsin's real estate and rental and leasing industry, which can inform economic development strategies and investment decisions.
Key Facts
- The real estate and rental and leasing industry accounts for over 15% of Wisconsin's GDP.
- This trend has shown steady growth over the past decade, indicating the industry's resilience.
- Wisconsin's real estate and rental and leasing industry is a major employer, providing jobs for over 100,000 people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the real estate and rental and leasing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of Wisconsin's real estate and rental and leasing industry, which is a significant component of the state's 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 practices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Wisconsin's real estate and rental and leasing industry, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates based on the availability of new information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate and Rental and Leasing (53) in Wisconsin (WIRERENTLEANGSP), retrieved from FRED.