# GDP by industry: real estate, rental and leasing

Value added by real estate and rental and leasing (NAICS 53), the industry's contribution to gross domestic product (GDP), in millions of current US dollars. United States and states: Bureau of Economic Analysis GDP by state, table SAGDP2, line 56.

## Key facts

- GDP by industry: real estate, rental and leasing in the United States was $4.23 trillion in 2025, according to the U.S. Bureau of Economic Analysis.
- California had the highest GDP by industry: real estate, rental and leasing of 51 states in 2025, at $598.94 billion, and Wyoming the lowest, at $6.81 billion. Source: the U.S. Bureau of Economic Analysis.
- Published for 52 places, with figures from 1997 to 2025.
- Figures last updated on 2026-10-12.

- Indicator id: `gdp_by_industry_usd_real_estate`
- Unit: USD million
- Note: Includes the rental value of owner-occupied homes, which BEA imputes as if owners rented their homes to themselves. That is why real estate is often the largest industry in a state: in 2025 it was in 24 of the 50 states and the District of Columbia. Millions of current US dollars, not adjusted for inflation; for real growth of the whole economy use gdp_growth. Industries are the sectors of the 2017 North American Industry Classification System (NAICS), counted where production takes place. The 20 sector values of a place add up to its gdp_usd, apart from rounding. BEA leaves out values that would disclose a single company, marked (D), and values below $50,000, marked (L); they are missing here, not zero.
- Web page: https://invokely.ai/en/gdp-by-industry-real-estate
- API: https://invokely.ai/api/v1/indicators/gdp_by_industry_usd_real_estate

## Latest figures

| Place | Period | USD million | Source |
|---|---|---:|---|
| United States | 2025 | 4,234,142 | U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12. |

## Rankings

- [US states](https://invokely.ai/rankings/gdp-by-industry-real-estate/us-states.md) (51 places)