Real Gross Domestic Product: Management of Companies and Enterprises (55) in Idaho
IDMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,710.60
Year-over-Year Change
143.09%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) contribution of the management of companies and enterprises sector in the state of Idaho. It is an important indicator of economic activity and productivity in this key industry.
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
The Real Gross Domestic Product: Management of Companies and Enterprises (55) in Idaho metric tracks the inflation-adjusted value added by the management of companies and enterprises industry to the state's overall economic output. This data provides insights into the health and performance of this important business services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP by industry metric is used by policymakers, analysts, and businesses to assess economic conditions and trends in Idaho.
Key Facts
- Idaho's management and enterprises sector accounts for over 5% of the state's total GDP.
- This industry has seen steady growth in recent years, outpacing the overall state economy.
- The data is released quarterly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product (GDP) contribution of the management of companies and enterprises industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: The management and enterprises sector is a key driver of economic activity, so this data provides important insights into the performance and health of this industry within Idaho'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 established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this GDP by industry metric to assess economic conditions and trends in Idaho, informing decisions around investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 2-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Idaho (IDMNGCOENTPRRGSP), retrieved from FRED.