Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Idaho
Annual, Not Seasonally Adjusted
IDOTHSERVENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,645.80
Year-over-Year Change
142.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual index of output for the other services sector in the U.S. economy. This data provides insights into the performance and productivity of industries outside of goods production and trade.
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 other services sector includes a diverse range of activities such as personal services, repair and maintenance, and civic and professional organizations. Tracking the annual output trend in this sector offers valuable economic insights beyond manufacturing and retail.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this index to assess the overall health and composition of the U.S. service economy.
Key Facts
- The other services sector accounts for over 12% of U.S. GDP.
- Output in this sector has grown by an average of 2.3% annually over the past decade.
- The index reached an all-time high in 2021 following the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the annual output index for the other services sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and productivity of a diverse range of service-based industries, which make up a significant portion of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the overall health and composition of the U.S. service economy, which is crucial for understanding broader economic trends and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IDOTHSERVENGSP), retrieved from FRED.