Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Idaho
IDRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.48
Year-over-Year Change
20.78%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Idaho measures the inflation-adjusted economic output of the retail trade sector in Idaho. It is a key indicator of consumer spending and economic activity in 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
This index tracks changes in the real (inflation-adjusted) value added by the retail trade industry in Idaho over time. It is used by economists and policymakers to assess the health and growth of the state's consumer-driven economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
The retail trade sector is a major component of Idaho's economy, so this index provides important insights for state economic policy and market analysis.
Key Facts
- Idaho's retail GDP index has grown by over 30% since 2010.
- Retail trade accounts for nearly 12% of Idaho's total economic output.
- The index uses a base year of 2012 = 100.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Idaho measures the inflation-adjusted economic output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer spending and economic activity in Idaho, providing important insights for state economic policy and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Since the retail trade sector is a major component of Idaho's economy, this index is used by economists and policymakers to assess the health and growth of the state's consumer-driven economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Idaho (IDRETAILQQGSP), retrieved from FRED.