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Idaho Economy Forges Ahead

Idaho's business economy continues to surprise many experts and a new economic report published in the Idaho Press-Tribune will raise some more eyebrows.

A dramatic increase in manufacturing productivity led nearly every section of Idaho's economy in 2006, which placed Idaho in the top spot in the nation for growth in the value of goods and services produced.

The U.S. Bureau of Economic Analysis reported on June 7, 2007 that Idaho's gross state product, adjusted for inflation, increased 7.4% in 2006 - more that double the national rate of 3.4%

Other states posting annual gross state product gains of more than 6% include:

  • Utah at 7.2%
  • Arizona at 6.8%
  • Oklahoma at 6.7%
  • New Mexico at 6.2%

The report reinforced Idaho's top ranking in real gross state product growth since 2003 when the country was recovering from the recession.   From 2003 to 2006, Idaho's gross state product adjusted for inflation grew by more than 24%.

Economic diversity is Idaho's real strength. Real Estate, retail trade, construction, agriculture, manufacturing, mining, technology and services continue to flourish in Idaho.  Idaho's economy is the envy of the country and the diversification in the state is laying a solid foundation for continued economic growth in 2007 and for years to come.

Other Idaho Posts of Interest:

  • Boise River of Idaho
  • Caldwell Idaho
  • Deer Flat Wildlife Refuge - Nampa, Idaho
  • Ste. Chapelle Winery of Idaho
  • The Snake River of Idaho
  • Northwest Nazarene University
  • www.tallabas.com

     

    Marketed By: George Tallabas - Boise Idaho Real Estate Agent - Associate Broker 
    with RE/MAX Advantage, Canyon Counties #1 Brokerage in sales and listings
    specializing in Boise Idaho Real Estate and Southwest Idaho Real Estate.

    Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes

    Comment balloon 26 commentsGeorge Tallabas • June 09 2007 09:46PM

    Comments

    Beautiful pictures George - glad to hear your economy is good, could you send a couple percentages here?
    Posted by Paula Henry, Realtor - Indianapolis Real Estate - 317-605-4174 (Home to Indy Team @ HomeSmart Realty Group) almost 12 years ago
    Thank you Paula...Hmmm....I will have to check.  I hope you are well.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    George -- I had no idea Idaho had a vibrant economy.  What types of manufacturing do you have in Idaho -- for some reason I always associated manufacturing more with the east coast.  This is very interesting and great news for Idaho.
    Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) almost 12 years ago
    Joan, Idaho manufactures computer chips, farm equipment, chemical tanks, timber products and much, much more.  Thank you for stopping by.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    George, this is just a beautiful piece of work.  Easy on the eyes, easy to read and fun to read too.  You are the king of content!
    Posted by Chris Griffith, Bonita Springs Listing Agent (Downing-Frye Realty, Bonita Springs, FL) almost 12 years ago
    Thank you Chris
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    George - what a great showcase of Idaho - you know you've made me a fan! Love all the pictures - congrats on being Featured on Localism too!
    Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) almost 12 years ago
    Ane we thought it was only potatoes. Thanks for the information. Very nice photo montage.
    Posted by Gary Bolen, CRS - Lake Tahoe Real Estate Information (McCall Realty) almost 12 years ago

    Cyndee....thank you so very much my friend

    Gary....Idaho is much more than Potatoes! LOL

    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    Wineries, booming economy...Idaho is full of surprises George. Beautiful pictures here.
    Posted by Sue Argue, NH Home Stager (Staged First Impressions) almost 12 years ago
    Thank you Sue...we are truly blessed here in Idaho and I hope you are as well.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    Those pics are surreal George!  I never knew much about Idaho, but Sue Argue is right in her saying it is full of surprises.  Definately a place that should be ranked high on my list of places to visit. 
    Posted by Jason Sardi, Your Agent for Life (Auto & Home & Life Insurance throughout North Carolina) almost 12 years ago
    Thank you Jason. We are truly blessed here in Idaho.  Have a wonderful evening.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    Great post, love your pictures!  Idaho is a beautiful place!
    Posted by Ana Connell, Burbank Real Estate Agent (G & C Properties) almost 12 years ago
    Thank you so much Ana...it is beautiful and I hope all is well for you.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    Hey George, loved your post. Since this link came up under the review by Thesa Chambers, I checked it out. Beautiful photos. Lived in Pocatello many moons ago, it was cold. Love the beautiful area of Idaho Falls though..........
    Posted by Mesa, Arizona Real Estate Mesa Arizona Realtor, AzLadyInRed (Homes Arizona Real Estate LLC) almost 12 years ago
    George - Congrats on being a top 25 post this week!
    Posted by Paula Henry, Realtor - Indianapolis Real Estate - 317-605-4174 (Home to Indy Team @ HomeSmart Realty Group) almost 12 years ago

    Teri - Thank you and I hope all is well

    Paula - Top 25??? I had no idea...Thanks my friend

    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    love the pics George!  Congrats on your gold start Localism Post!  All the best
    Posted by Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives (First Coast Sotheby’s International Realty) almost 12 years ago
    Janie, thank you and I hope all is well in your world.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago

    Hi George - what a great data-filled post, and what GORGEOUS pictures, too!!  Beautifully done!!!

    Congrats on the Week in Review feature - well deserved with this post!
    Ann

    Posted by Ann Cummings, Portsmouth NH Real Estate Preferrable Agent (RE/MAX Shoreline - NH and Maine) almost 12 years ago
    Ann, thank you very much my friend. Have a wonderful weekend.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago

    Happy Father's Day George - hope you have a wonderful day today!

    Ann

    Posted by Ann Cummings, Portsmouth NH Real Estate Preferrable Agent (RE/MAX Shoreline - NH and Maine) almost 12 years ago
    Thank  you Ann, you have wonderful day my friend.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago
    George, Great pictures. Sounds like a terrific place to live, economically speaking. But hows the weather? ;-)
    Posted by Phillip Cross, ePRO Realtor - Relocation Spec (TBD - In transition...) almost 12 years ago
    Thanks Phillip....The weather is amazing and that is why so many Californians move here each year. We have incredible 4 seasons.  The winters are very mild with the highs in the upper 30's to low 40's in January and by the end of February it is in the 50's to 60's.  Currently we are seeing temperatures in the 90's in the middle of June.  It is a very dry heat with very low humidity.  It is as close to perfect as one can get!  Thank you.
    Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) almost 12 years ago

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