Gross Domestic Product: Air Transportation (481) in Idaho
IDAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336.10
Year-over-Year Change
159.34%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Air Transportation (481) in Idaho measures the economic output of the air transportation industry in the state. This trend is a key indicator of the health and performance of Idaho's aviation 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
This series represents the total value added to Idaho's GDP by the air transportation industry, which includes airlines, airports, and related services. Economists and policymakers use this data to analyze the economic contribution of the state's aviation infrastructure and guide infrastructure investment decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
The GDP: Air Transportation (481) in Idaho trend is used to inform economic policy and planning related to the state's transportation and logistics systems.
Key Facts
- Idaho's air transportation GDP was $1.2 billion in 2021.
- The air transportation industry accounts for 1.5% of Idaho's total GDP.
- Idaho's air transportation GDP has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by the air transportation industry in the state of Idaho, including airlines, airports, and related services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the contribution of the aviation sector to Idaho's overall economic performance and growth. It informs policy decisions and investment related to the state's transportation infrastructure.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: The GDP: Air Transportation (481) in Idaho trend is used by policymakers, economists, and transportation planners to analyze the economic impact of the state's aviation industry and guide decisions on infrastructure investment and development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay. There may also be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Idaho (IDAIRTRANNGSP), retrieved from FRED.