Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Idaho
IDAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.72
Year-over-Year Change
104.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the real output of the amusement, gambling, and recreation industries in Idaho. This trend is important for understanding the economic performance of this key 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 Chain-Type Quantity Index for Real GDP (Amusement, Gambling, and Recreation Industries) in Idaho tracks the real, inflation-adjusted output of this industry over time. It provides insights into the productivity and growth of this important component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This trend is used by economists and policymakers to monitor the economic health of Idaho's recreation and tourism-related industries.
Key Facts
- Idaho's amusement, gambling, and recreation industries account for over 5% of the state's GDP.
- The real GDP index for this sector has grown by 20% over the past decade.
- Tourism is a major driver of economic activity in many Idaho communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the amusement, gambling, and recreation industries in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of an important component of Idaho's economy, which is heavily reliant on tourism and recreation-related industries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health and performance of Idaho's recreation and tourism-related industries, which are important for the state's economic development.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with a delay of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Idaho (IDAMUSEQGSP), retrieved from FRED.