Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Idaho
IDTRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.68
Year-over-Year Change
82.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the transit and ground passenger transportation industry in Idaho. It provides insights into the state's transportation sector and economic activity.
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 chain-type quantity index for real GDP in the transit and ground passenger transportation industry is a measure of the industry's inflation-adjusted output in Idaho. It is used to analyze trends in the state's transportation sector and its contribution to overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Idaho's transportation industry and its impact on the broader state economy.
Key Facts
- The index is based on 2012 as the reference year (2012=100).
- The transportation industry accounts for around 3% of Idaho's total GDP.
- The trend has shown steady growth over the past decade, reflecting the state's expanding transportation sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in 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 insights into the performance and growth of Idaho's transportation sector, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and growth of Idaho's transportation industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, with the latest figures typically available within a few months of the end of the reference period.
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Citation
U.S. Bureau of Economic Analysis, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Idaho (IDTRANGRNDTRANQGSP), retrieved from FRED.