Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho
IDFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.60
Year-over-Year Change
262.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Idaho. It is an important indicator for understanding the financial sector's contribution 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 Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho series tracks the total value of goods and services produced by the financial institutions, investment funds, and related entities within the state. This data is used by economists and policymakers to analyze the health and growth of Idaho's financial industry.
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
This GDP trend is relevant for understanding the financial market conditions and economic policies in Idaho.
Key Facts
- Idaho's financial services sector accounts for over 5% of the state's total GDP.
- The GDP of Idaho's funds, trusts, and financial vehicles industry has grown by 12% over the past 5 years.
- This data series is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the health and growth of Idaho's financial sector, which is an important contributor to the state's overall economic activity.
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: This GDP trend is used by economists and policymakers to analyze the financial market conditions and inform economic policies in Idaho.
Q: Are there update delays or limitations?
A: This data series is released quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho (IDFNDTRSTNGSP), retrieved from FRED.