Gross Domestic Product: Mining (Except Oil and Gas) (212) in Idaho
IDMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,297.70
Year-over-Year Change
2.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Mining (Except Oil and Gas) (212) in Idaho' series measures the economic output of the mining industry, excluding oil and gas, in the state of Idaho. This metric is important for understanding the overall health and composition of Idaho'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 economic trend represents the gross domestic product (GDP) generated by the mining industry, excluding oil and gas extraction, in the state of Idaho. It provides insights into the relative importance and performance of this sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and regions.
Historical Context
This trend is useful for policymakers, economists, and industry analysts to assess the economic significance and activity of the mining industry in Idaho.
Key Facts
- Idaho's mining GDP was $1.2 billion in 2021.
- The mining industry accounts for 2.2% of Idaho's total GDP.
- Idaho's mining GDP has grown by 4.3% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the mining industry, excluding oil and gas extraction, in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic significance and performance of the mining industry in Idaho, which is important for understanding the state's overall economic composition 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 as part of their comprehensive GDP reporting for states and regions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the economic importance and activity of the mining industry in Idaho, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the release of the most recent figures.
Related Trends
Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Idaho
IDTEXTQGSP
All Employees: Government: State Government in Idaho
SMU16000009092000001
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Idaho
IDAGRQGSP
Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for Idaho
EMISSCO2CDFICBIDA
All Employees: Government: Local Government Excluding Educational Services in Idaho
SMU16000009093200001
Real Gross Domestic Product: Private Industries in Idaho
IDPIRQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Mining (Except Oil and Gas) (212) in Idaho (IDMINEXOILGASNGSP), retrieved from FRED.