Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Idaho
IDFININSREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,557.60
Year-over-Year Change
62.73%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing sectors in the state of Idaho. It provides valuable insights into the performance and contribution of these key industries to the state's overall economic activity.
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 Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Idaho trend tracks the inflation-adjusted economic output of these sectors, which are critical components of the state's economy. Economists and policymakers use this data to analyze the health and growth of these industries and their impact on Idaho's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Historical Context
This trend is used by economists, investors, and policymakers to assess the strength and competitiveness of Idaho's finance, insurance, real estate, rental, and leasing sectors.
Key Facts
- Idaho's finance, insurance, real estate, rental, and leasing sectors account for over 20% of the state's GDP.
- This trend has shown steady growth over the past decade, outpacing the national average.
- The real estate and rental/leasing industries make up the largest portion of this economic sector in Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing sectors in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of these key industries to Idaho's overall economic activity, which is important for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to assess the strength and competitiveness of Idaho's finance, insurance, real estate, rental, and leasing sectors, which are critical components of the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as other Bureau of Economic Analysis releases, which are typically published on a quarterly basis.
Related Trends
All Employees: Durable Goods: Computer and Peripheral Equipment Manufacturing in Idaho
SMU16000003133410001A
Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Idaho
IDFININSREALQGSP
90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Idaho
PECILB5T17ID16000A647NCEN
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Idaho
IDPCEPCONDURG
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Idaho
IDFOODBEVTOBMANQGSP
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Idaho
IDRERENTLEANQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Idaho (IDFININSREALRGSP), retrieved from FRED.