Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho
IDFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
-85.58%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the funds, trusts, and other financial vehicles industry in Idaho. It provides insight into the economic performance and growth of this important financial sector within the state.
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
Real GDP is a key indicator of economic activity, adjusting for the effects of inflation. This series tracks the inflation-adjusted output of Idaho's funds, trusts, and other financial services businesses, offering valuable data for policymakers and analysts to assess the state's economic health and financial industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is used by economists, investors, and policymakers to understand the role of financial services in Idaho's economy.
Key Facts
- Idaho's funds, trusts, and financial vehicles sector accounts for over 5% of the state's GDP.
- This industry has seen steady growth of around 3% annually over the past decade.
- The financial services sector is a key driver of economic activity in Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for 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 provides valuable data on the performance and growth of Idaho's financial services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this trend to understand the role of financial services in Idaho's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP-related statistics.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Idaho (IDFNDTRSTRGSP), retrieved from FRED.