Real Gross Domestic Product: Federal Civilian in Idaho
IDGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,177.90
Year-over-Year Change
25.53%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Idaho' metric measures the real (inflation-adjusted) value of economic output generated by the federal civilian government sector in the state of Idaho. This key indicator helps economists and policymakers assess the economic contribution and performance of the public 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 series represents the real, chained-dollar value of goods and services produced by the federal civilian government in Idaho. It is a component of the state's overall real GDP, providing insight into the relative size and economic impact of the public sector compared to other industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This metric is used by economists, policymakers, and analysts to evaluate the economic role of the public sector and its relationship to private industry performance.
Key Facts
- Idaho's federal civilian GDP was $4.9 billion in 2021.
- This sector accounted for 5.2% of Idaho's total real GDP.
- Federal civilian GDP in Idaho has grown by 2.3% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value of economic output generated by the federal civilian government sector in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the economic role and performance of the public sector in Idaho, which is important for evaluating the state's overall economic landscape and the relationship between government and private industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this metric to assess the size, growth, and economic impact of the federal civilian government sector in Idaho, which informs decision-making and policy discussions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with a typical lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Idaho (IDGOVFEDCIVRGSP), retrieved from FRED.