Real Gross Domestic Product: All Industry Total in Idaho
IDRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,255.30
Year-over-Year Change
9.27%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Idaho measures the total economic output of all industries in the state, adjusted for inflation. This metric is a key indicator of Idaho's overall economic health and performance.
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 series represents the real (inflation-adjusted) value of the total goods and services produced across all industries in the state of Idaho. It is used by economists and policymakers to analyze trends in the state's economic growth and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and economic statistics.
Historical Context
The real GDP for Idaho is an important metric for understanding the state's economic conditions and informing policy decisions.
Key Facts
- Idaho's real GDP reached $82.4 billion in 2021.
- The state's real GDP has grown by an average of 2.5% annually over the past decade.
- The largest contributors to Idaho's real GDP are manufacturing, trade, and professional services.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Idaho measures the total economic output of all industries in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Idaho's overall economic health and performance, used by economists and policymakers to analyze trends in the state's economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and economic statistics.
Q: How is this trend used in economic policy?
A: Idaho's real GDP is an important metric for understanding the state's economic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The real GDP data for Idaho is published quarterly by the Bureau of Economic Analysis, with some lag from the end of each reporting period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Idaho (IDRQGSP), retrieved from FRED.