Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Idaho
IDSECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
419.50
Year-over-Year Change
77.30%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) contribution of the securities, commodity contracts, and other financial investments and related activities industry in Idaho. It provides insights into the performance and growth of this crucial financial sector within the state'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 Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Idaho trend represents the inflation-adjusted value added by this industry to the state's overall economic output. It is an important indicator for analysts and policymakers to understand the dynamics and competitiveness of Idaho's financial services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Historical Context
This trend is used by economists, investors, and policymakers to assess the financial sector's contribution to Idaho's economic growth and development.
Key Facts
- Idaho's financial services industry accounts for over 5% of the state's GDP.
- The real GDP of this sector has grown by 20% in the past 5 years.
- This industry employs more than 15,000 people in Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) contribution of the securities, commodity contracts, and other financial investments and related activities industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and competitiveness of Idaho's financial services sector, which is a key driver of the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to assess the financial sector's contribution to Idaho's economic growth and to inform policy decisions related to the state's financial services industry.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Idaho (IDSECCOMINVRGSP), retrieved from FRED.