Gross Domestic Product: Water Transportation (483) in Idaho
IDWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
937.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the water transportation industry in Idaho. It provides valuable insights into the performance and contribution of this sector to the state's overall 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 Gross Domestic Product: Water Transportation (483) in Idaho trend represents the total value of goods and services produced by the water transportation industry within the state. It is a key indicator of the economic health and productivity of this specific industry and can inform policymakers and analysts about the state's transportation infrastructure and trade dynamics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is useful for understanding the role of water transportation in Idaho's economy and can inform infrastructure investment decisions and trade policy.
Key Facts
- Idaho's water transportation GDP was $XXX million in the most recent year.
- The water transportation industry accounts for X% of Idaho's total economic output.
- Water transportation GDP in Idaho has grown/declined by Y% over the past Z years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the water transportation industry in the state of Idaho, providing insights into the size and economic contribution of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of water transportation in Idaho's economy and can inform infrastructure investment decisions, trade policy, and analyses of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and analysts to assess the importance of the water transportation industry to Idaho's economy and inform decisions about infrastructure investment, trade policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis. Users should check the latest available data and be aware of any potential delays or limitations in the reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Idaho (IDWATTRANNGSP), retrieved from FRED.