Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Idaho
IDOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
743.50
Year-over-Year Change
157.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the other transportation and support activities industry in Idaho. It provides insights into the performance and growth of this key economic sector within the state.
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: Other Transportation and Support Activities (487-488, 492) in Idaho metric tracks the inflation-adjusted output of businesses engaged in air, rail, water, and road transportation services, as well as related support activities, across the state. This data is crucial for analyzing Idaho's broader economic landscape and transportation infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts utilize this trend to gauge the health and development of Idaho's transportation and logistics sectors.
Key Facts
- Idaho's other transportation and support activities industry accounts for over 3% of the state's total GDP.
- This sector has experienced steady growth of around 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 6.2% decline in this industry's real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other transportation and support activities industry in the state of Idaho, including air, rail, water, and road transportation services, as well as related support activities.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the performance and growth of Idaho's transportation and logistics sectors, which are important contributors to the state's overall economic activity and development.
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 and industry analysts utilize this trend to gauge the health and development of Idaho's transportation and logistics sectors, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Idaho (IDOTHTRANRGSP), retrieved from FRED.