Total Personal Income in Idaho
IDOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,534.80
Year-over-Year Change
19.36%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Idaho measures the total income earned by residents of the state, including wages, salaries, business income, and government transfers. It is a key indicator of economic well-being and consumer spending power.
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
Total Personal Income in Idaho tracks the aggregate income of all individuals in the state, providing a broad measure of economic activity and growth. It is closely watched by policymakers, analysts, and businesses to gauge the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on a variety of sources, including tax records and household surveys.
Historical Context
Total Personal Income is an important input for state-level economic analysis and policy decisions.
Key Facts
- Idaho's Total Personal Income reached a record high of $94.3 billion in 2021.
- Personal income growth in Idaho has outpaced the national average in recent years.
- Idaho's economy is heavily reliant on industries like technology, agriculture, and tourism.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Idaho measures the aggregate income earned by all residents of the state, including wages, salaries, business income, and government transfers.
Q: Why is this trend relevant for users or analysts?
A: Total Personal Income is a key indicator of economic well-being and consumer spending power in Idaho, providing insights into the overall health of the state'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 a variety of sources, including tax records and household surveys.
Q: How is this trend used in economic policy?
A: Total Personal Income is an important input for state-level economic analysis and policy decisions, as it helps policymakers and analysts understand the overall economic conditions in Idaho.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for delays in the reporting of the most recent figures.
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Citation
U.S. Bureau of Economic Analysis, Total Personal Income in Idaho (IDOTOT), retrieved from FRED.