Gross Domestic Product: Utilities (22) in Idaho
IDUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,976.90
Year-over-Year Change
27.24%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Utilities (22) in Idaho metric measures the economic output of the utilities industry in the state. This data point is crucial for analyzing the role of energy and public services in Idaho's overall economic performance.
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 Utilities industry encompasses the production, transmission, and distribution of electricity, natural gas, steam, water, and sewage services. This metric provides insight into the contribution of this sector to Idaho's gross domestic product, which is essential for policymakers and analysts to understand the state's economic trends and drivers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This metric is used by economists, policymakers, and investors to assess the health and growth of Idaho's utilities sector and its impact on the state's overall economic performance.
Key Facts
- Idaho's utilities sector accounts for approximately 2% of the state's GDP.
- The utilities industry in Idaho has experienced steady growth over the past decade.
- Energy production and distribution are critical components of Idaho's infrastructure and economic development.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Idaho metric measures the economic output of the utilities industry in the state, including electricity, natural gas, water, and sewage services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the role of the utilities sector in Idaho's overall economic performance, which is essential for policymakers, investors, and economists to understand the state's economic trends and drivers.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and investors to assess the health and growth of Idaho's utilities sector and its impact on the state's overall economic performance, informing decision-making and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Idaho (IDUTILNQGSP), retrieved from FRED.