Gross Domestic Product: Construction (23) in Idaho
Quarterly, Seasonally Adjusted Annual Rate
IDCONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,690.00
Year-over-Year Change
26.89%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (IDCONSTNQGSP) measures the total value of all final goods and services produced in the U.S. economy during a given quarter, adjusted for seasonal variations and annualized.
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 economic indicator, known as real GDP, is a comprehensive measure of the overall health and productivity of the U.S. economy. It is closely watched by policymakers, analysts, and investors to gauge economic growth, guide policy decisions, and make informed investment choices.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Historical Context
Real GDP is a key input for monetary and fiscal policy decisions, as well as a benchmark for assessing the performance of the broader economy.
Key Facts
- Real GDP grew by 2.9% in 2022.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita is a common measure of living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (IDCONSTNQGSP) measures the total value of all final goods and services produced in the U.S. economy during a given quarter, adjusted for seasonal variations and annualized.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive measure of economic health and productivity, making it a crucial indicator for policymakers, analysts, and investors to gauge economic growth, guide policy decisions, and make informed investment choices.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Q: How is this trend used in economic policy?
A: Real GDP is a key input for monetary and fiscal policy decisions, as it provides a benchmark for assessing the performance of the broader economy.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate (IDCONSTNQGSP) is released by the U.S. Bureau of Economic Analysis on a regular schedule, but there may be some delays in data availability or revisions to previously reported figures.
Related Trends
All Employees: Private Service Providing in Idaho
SMU16000000800000001
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Idaho
IDFOODBEVTOBMANQGSP
Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Idaho
IDPUBINDRGSP
Average Hourly Earnings of All Employees: Leisure and Hospitality in Idaho
SMU16000007000000003
All Employees: Utilities in Idaho
SMU16000004322000001A
Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho
IDFNDTRSTNGSP
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (IDCONSTNQGSP), retrieved from FRED.