Gross Domestic Product: Government and Government Enterprises (92) in Idaho
IDGOVNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,313.30
Year-over-Year Change
19.74%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Government and Government Enterprises (92) in Idaho' trend measures the total economic output generated by government activities in the state of Idaho. This data is crucial for understanding the role of the public sector in the state's economy.
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 GDP originating from government and government enterprises, including federal, state, and local governments, in the state of Idaho. It is a key indicator of the size and productivity of the public sector in the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including census and administrative records.
Historical Context
Policymakers and economists use this data to assess the contribution of government to the state's economic growth and development.
Key Facts
- Idaho's government GDP accounts for over 15% of the state's total economic output.
- Government GDP in Idaho has grown by an average of 3% annually over the past decade.
- The public sector is a major employer in Idaho, accounting for nearly 20% of the state's workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or GDP generated by government and government enterprises, including federal, state, and local governments, in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the role and contribution of the public sector to Idaho's overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using census and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the size and productivity of the government sector in Idaho's economy and to inform decisions about fiscal policy and public investment.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of several months, so there may be some delay in accessing the most recent information.
Related Trends
Housing Inventory: Active Listing Count Year-Over-Year in Idaho
ACTLISCOUYYID
Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Idaho
IDWATTRANQGSP
Gross Domestic Product: Educational Services (61) in Idaho
IDEDCATNGSP
Personal Contributions for Social Insurance in Idaho
IDOSOC
Coefficient for Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Idaho
EMISSCO2CNGRCBIDA
All Employees: Information: Telecommunications in Idaho
SMU16000005051700001
Citation
U.S. Federal Reserve, Gross Domestic Product: Government and Government Enterprises (92) in Idaho (IDGOVNQGSP), retrieved from FRED.