Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Idaho
IDOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.80
Year-over-Year Change
18.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of other transportation equipment manufacturing in Idaho. It provides insights into the productivity and growth of this important industrial sector within the state'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
The Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Idaho series tracks the inflation-adjusted output of businesses involved in the production of transportation equipment other than motor vehicles, including aerospace, railroad, and ship manufacturing. This data is a key indicator of the health and competitiveness of Idaho's industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses within this industry.
Historical Context
Policymakers and analysts use this metric to assess the performance and competitive positioning of Idaho's transportation equipment manufacturing sector.
Key Facts
- Idaho's other transportation equipment manufacturing GDP grew by 3.2% in 2021.
- This sector accounts for 2.1% of Idaho's total economic output.
- The industry employs over 4,500 workers in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product of the other transportation equipment manufacturing industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the productivity and competitiveness of a key manufacturing industry in Idaho, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in this industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and competitiveness of Idaho's transportation equipment manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a short delay in the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Idaho (IDOTRANEQMANRGSP), retrieved from FRED.