Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho
IDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.46
Year-over-Year Change
9.27%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho measures the real economic output of all industries within the state of Idaho. This comprehensive metric is crucial for economists and policymakers to gauge the overall health and growth of Idaho'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 Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho is a volume index that tracks the total real output of all economic sectors in the state. It is a valuable indicator of the state's economic performance and is widely used by analysts to evaluate Idaho's macroeconomic trends and growth patterns.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to aggregate production across diverse industries.
Historical Context
This index provides important context for monetary and fiscal policy decisions that impact Idaho's economy.
Key Facts
- The index uses 2012 as the base year.
- Idaho's real GDP grew by 2.9% in 2021.
- The index reached a record high of 127.56 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho measures the total real output of all economic sectors within the state, providing a comprehensive gauge of Idaho's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator for economists and policymakers to assess the health and growth of Idaho's economy, which informs important decisions around monetary, fiscal, and economic development policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to aggregate production across diverse industries in Idaho.
Q: How is this trend used in economic policy?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho provides important context for policymakers and analysts evaluating the state's economic conditions and informing decisions related to monetary, fiscal, and economic development policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho (IDQQGSP), retrieved from FRED.