Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Idaho
IDFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.49
Year-over-Year Change
-2.85%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Idaho measures the real output of the finance and insurance sector in the state. It is an important indicator for understanding economic performance and growth in this critical industry.
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 index tracks changes in the real (inflation-adjusted) output of the finance and insurance sector in Idaho over time. It is used by economists and policymakers to assess the health and contribution of this key industry to the state's overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
The finance and insurance sector plays a vital role in Idaho's economy, and this index provides insight into its performance that can inform economic and policy decisions.
Key Facts
- The finance and insurance sector accounts for over 6% of Idaho's GDP.
- This index uses a chain-type methodology to adjust for inflation.
- The index can signal growth or contraction in a key industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the finance and insurance sector in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and contribution of a critical industry within Idaho's economy, which can inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index can be used by economists, policymakers, and market analysts to assess the health and growth of the finance and insurance sector in Idaho, which is crucial for understanding the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revision and can have some lag time compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Idaho (IDFININSQQGSP), retrieved from FRED.