Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Idaho
IDTRANGRNDTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.50
Year-over-Year Change
97.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Idaho measures the economic output of the transportation sector in the state. It is a key indicator for analyzing the performance and trends of Idaho's transportation industry.
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 value added by the transit and ground passenger transportation industry to Idaho's overall gross domestic product. It provides insights into the health and growth of this crucial infrastructure sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Historical Context
Policymakers and transportation analysts use this trend to evaluate the economic contribution and development of Idaho's transit and passenger transportation services.
Key Facts
- Idaho's transportation sector accounts for approximately 2.5% of the state's total GDP.
- The GDP from transit and ground passenger transportation in Idaho has grown by 15% over the past 5 years.
- This industry employs over 10,000 workers in Idaho, making it a significant employer in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the economic output or value added by the transit and ground passenger transportation industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of Idaho's transportation infrastructure, which is crucial for the state's overall economic development 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 as part of its regional economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and transportation analysts use this trend to evaluate the economic contribution and development of Idaho's transit and passenger transportation services, informing infrastructure investment and transportation policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be delays in accessing the most recent information.
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Value of Exports to Poland from Idaho
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Idaho (IDTRANGRNDTRANNGSP), retrieved from FRED.