Real Gross Domestic Product: Rail Transportation (482) in Idaho
IDRAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
353.60
Year-over-Year Change
12.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the rail transportation industry in the state of Idaho. It provides valuable insights into the productivity and performance of this key transportation sector.
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: Rail Transportation (482) in Idaho series tracks the inflation-adjusted economic output of the rail transportation industry in the state. This metric is widely used by economists and policymakers to analyze the health and competitiveness of Idaho's transportation infrastructure and logistics networks.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is closely monitored by government agencies, businesses, and analysts to inform infrastructure investment, transportation policy, and market strategies.
Key Facts
- Idaho's rail transportation industry accounts for over 4% of the state's GDP.
- Real rail GDP in Idaho has grown by 7.2% over the past 5 years.
- The rail sector is a major employer, accounting for over 3,000 jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the rail transportation industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and performance of a key component of Idaho's transportation infrastructure, which is critical for supporting economic growth and competitiveness.
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: Government agencies, businesses, and analysts closely monitor this trend to inform infrastructure investment, transportation policy, and market strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of several months, which may limit its use for real-time decision-making.
Related Trends
Residential Carbon Dioxide Emissions, Kerosene for Idaho
EMISSCO2VKSRCBIDA
Average Hourly Earnings of All Employees: Financial Activities in Idaho
SMU16000005500000003
Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Idaho
IDPCERECGD
Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Idaho
IDPCEPCHOUSUTL
All Employees: Professional and Business Services: Management of Companies and Enterprises in Idaho
SMS16000006055000001
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Idaho
IDOTHTRANRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Idaho (IDRAILTRANRGSP), retrieved from FRED.