Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Idaho
IDSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
312.18
Year-over-Year Change
19.77%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Idaho measures the real output of the support activities for mining industry in the state. This metric is important for economists and policymakers to gauge the health and productivity of this key economic 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
This index tracks the volume of economic activity related to support services for the mining industry in Idaho, such as exploration, extraction, and other ancillary activities. It is used to analyze trends in industrial production and provide insight into the overall performance of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
This index is a valuable input for macroeconomic analysis and policy decisions related to the mining and energy sectors.
Key Facts
- The index has a base year of 2012.
- Mining support activities account for a significant portion of Idaho's economy.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the support activities for mining industry in the state of Idaho, such as exploration, extraction, and other ancillary services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and productivity of a key economic sector in Idaho, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: This index is a valuable input for macroeconomic analysis and policy decisions related to the mining and energy sectors.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Idaho (IDSAMINQGSP), retrieved from FRED.