Real Gross Domestic Product: Truck Transportation (484) in Idaho
IDTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,040.90
Year-over-Year Change
22.19%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product (GDP) for the Truck Transportation (484) industry in Idaho measures the inflation-adjusted economic output of this sector. It provides insights into the performance and growth of this key component of 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 GDP for Truck Transportation in Idaho is a valuable economic indicator that tracks the inflation-adjusted value added by the trucking industry to the state's overall economic production. It is used by policymakers, analysts, and businesses to assess the health and trajectory of this critical transportation and logistics sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in Idaho's Truck Transportation Real GDP are closely monitored by state officials, industry groups, and supply chain stakeholders to inform policy decisions and business strategies.
Key Facts
- Idaho's Truck Transportation Real GDP was $1.75 billion in 2021.
- The sector accounts for approximately 3% of Idaho's total economic output.
- Real GDP for Truck Transportation in Idaho has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for the Truck Transportation (484) industry in Idaho measures the inflation-adjusted value added by this sector to the state's overall economic production.
Q: Why is this trend relevant for users or analysts?
A: Trends in Idaho's Truck Transportation Real GDP provide important insights into the performance and growth of this critical transportation and logistics sector, which is closely monitored by policymakers, industry groups, and supply chain stakeholders.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Truck Transportation Real GDP in Idaho is used by state officials, industry groups, and supply chain stakeholders to inform policy decisions and business strategies related to this key component of the state's economy.
Q: Are there update delays or limitations?
A: The Truck Transportation Real GDP data for Idaho is published by the U.S. Bureau of Economic Analysis on a quarterly basis, with potential delays of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Idaho (IDTRUCKTRANRGSP), retrieved from FRED.