Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Idaho
IDFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.76
Year-over-Year Change
22.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the inflation-adjusted output of the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) industry in Idaho. This metric is important for economists and policymakers to gauge the productivity and health of the state's financial services sector.
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 the real, volume-adjusted GDP contribution of Idaho's financial services industry, including banks, credit unions, and related institutions. It is a key indicator of economic activity and growth in this vital sector.
Methodology
The data is calculated by the U.S. Federal Reserve using chain-weighted quantity index methodology.
Historical Context
Policymakers and analysts use this index to monitor the financial services industry's role in Idaho's overall economic performance.
Key Facts
- The index uses 2012 as the base year.
- Idaho's financial services sector accounts for over 6% of the state's total GDP.
- The index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Idaho's financial services industry, including banks, credit unions, and related institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the productivity and health of Idaho's vital financial services sector, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using chain-weighted quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the financial services industry's role in Idaho's overall economic activity and growth.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Idaho (IDFRBCIQGSP), retrieved from FRED.