Idaho’s economic activity surged in 2013, according to latest fed estimates

Idaho’s gross state product showed the third highest percentage increase in the nation in 2013, up 6.9 percent from the year before, the Idaho Department of Labor reports. The figure rose on the strength of a surge in health care, finance, construction and natural resource economic activity in 2013, according to Labor spokesman and analyst Bob Fick. The estimate of Idaho’s gross state product – the value of all goods and services produced in the state – rose to $62.25 billion in 2013, according to the latest estimates from the U.S. Bureau of Economic Analysis. In inflation-adjusted figures, it rose just over 4 percent, the fifth highest increase nationally, to more than $57 billion, while the comparable national increase was just 1.8 percent. See Labor’s full announcement here , including breakdowns by industry and comparisons to all states.