Business

Idaho GDP rose to $58 billion last year

Idaho’s gross state product, adjusted for inflation, was $57.6 billion. That was a 2.7 percent increase, the 12th-highest increase in the nation.

The Idaho Department of Labor announced the news Tuesday, based on statistics from the U.S. Bureau of Economic Analyis. The national GDP rose 2.2 percent in 2014 to reach $14.8 trillion.

Gross state product is the value of all goods and services produced in the state.

In Idaho, durable goods manufacturing, wholesale and retail trade, agriculture, forestry, fishing and hunting drove the increase, the department said. Construction was the only major sector to see a decline from 2013, the department said.

  Comments