GDP by industry: real estate, rental and leasing in United States

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. That is up 5.8% from 2024.

2025, USD million4,234,142

Change on 2024+5.8%

Series high4,234,1422025

Series low1,035,1691997

Next release: Wednesday, 31 March 2027, 08:30 ET, announced by BEA. Release calendar

GDP by industry: real estate, rental and leasing in United States, 1997 to 2025

USD million. Source: BEA, SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. Retrieved 2026-10-12, published 2026-09-30.

All 29 values

Period	USD million
2025	4,234,142
2024	4,002,999
2023	3,747,106
2022	3,472,404
2021	3,152,861
2020	2,914,996
2019	2,805,874
2018	2,683,425
2017	2,525,018
2016	2,419,862
2015	2,338,044
2014	2,274,223
2013	2,215,159
2012	2,119,747
2011	2,058,253
2010	1,997,213
2009	1,936,181
2008	1,944,851
2007	1,835,996
2006	1,696,898
2005	1,633,896
2004	1,519,592
2003	1,451,006
2002	1,400,922
2001	1,329,048
2000	1,230,299
1999	1,161,052
1998	1,072,173
1997	1,035,169

Rankings

US states by GDP by industry: real estate, rental and leasing 51 places

Definition

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.

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.

How to cite

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.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Bureau of Economic Analysis. (2026). SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars (GDP by industry: real estate, rental and leasing, United States, 1997 to 2025) [Data set]. Retrieved October 12, 2026, from https://apps.bea.gov/regional/zip/SAGDP.zip

MLA 9

SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars, GDP by industry: real estate, rental and leasing, United States, 1997 to 2025. U.S. Bureau of Economic Analysis, 30 Sept. 2026, https://apps.bea.gov/regional/zip/SAGDP.zip. Invokely, https://invokely.ai/en/gdp-by-industry-real-estate/united-states. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Bureau of Economic Analysis. 2026. SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. GDP by industry: real estate, rental and leasing, United States, 1997 to 2025. Dataset. Accessed October 12, 2026. https://apps.bea.gov/regional/zip/SAGDP.zip. Also distributed by Invokely, https://invokely.ai/en/gdp-by-industry-real-estate/united-states.

Harvard

U.S. Bureau of Economic Analysis (2026) SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars, GDP by industry: real estate, rental and leasing, United States, 1997 to 2025 [Dataset]. Available at: https://apps.bea.gov/regional/zip/SAGDP.zip, via Invokely: https://invokely.ai/en/gdp-by-industry-real-estate/united-states (Accessed: 12 October 2026).

BibTeX

@misc{bureau_gdp_by_industry_real_2025,
  author = {{U.S. Bureau of Economic Analysis}},
  title = {{SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars: GDP by industry: real estate, rental and leasing, United States, 1997 to 2025}},
  year = {2026},
  howpublished = {Data set},
  url = {https://apps.bea.gov/regional/zip/SAGDP.zip},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/gdp-by-industry-real-estate/united-states. Publisher attribution: 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.},
}

RIS

TY  - DATA
AU  - U.S. Bureau of Economic Analysis
TI  - SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars: GDP by industry: real estate, rental and leasing, United States, 1997 to 2025
PY  - 2026
DA  - 2026/09/30
PB  - U.S. Bureau of Economic Analysis
DB  - Invokely
UR  - https://apps.bea.gov/regional/zip/SAGDP.zip
L2  - https://invokely.ai/en/gdp-by-industry-real-estate/united-states
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/gdp-by-industry-real-estate/united-states.
N1  - Publisher attribution: 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.
ER  -

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Questions

What is the GDP by industry: real estate, rental and leasing in United States?

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. That is up 5.8% from 2024.

Where does this figure come from?

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. Retrieved by Invokely on 2026-10-12.

What was the highest GDP by industry: real estate, rental and leasing in United States?

$4.23 trillion in 2025, the highest value since 1997 in this series.

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