GDP
Idaho’s economy produced roughly $118 billion in 2023, led by semiconductors, agriculture and food processing.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED IDRGSP).
| Indicator | Idaho | U.S. |
|---|---|---|
| GDP (USD B) | 118 | 29200 |
- •Micron Technology, headquartered in Boise, is Idaho’s largest private employer.
- •Idaho grows about one-third of all U.S. potatoes.
GDP Growth
Idaho's economy grew about 4.5% in real terms in 2023, among the fastest growth rates of any U.S. state.
Real GDP growth
1998–2025Annual % change in BEA real GDP (IDRGSP).
- •Idaho has ranked among the top handful of states for GDP growth in several recent years.
Personal Income
Idaho's per capita personal income of about $58,200 ranks near the bottom third of states.
Per capita personal income
1970–2025BEA, current dollars (FRED IDPCPI).
Median Household Income
Median household income in Idaho was about $74,942, close to the national median, while housing costs have risen faster than incomes.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSIDA646N).
| Indicator | Idaho | U.S. |
|---|---|---|
| Median household income (USD) | 74942 | 78538 |
Poverty Rate
Idaho's poverty rate of about 10.7% is close to but slightly below the national average.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAAID16000A156NCEN).
| Indicator | Idaho | U.S. |
|---|---|---|
| Poverty rate | 10.7 | 12.5 |
Inflation
Consumer prices in the Mountain West, including Idaho, rose about 2.9% year over year, slightly above the national pace.
CPI inflation, West region
2007–2025BLS CPI-U all items, West region, annual average change (CUUR0400SA0).
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
| Indicator | Idaho | U.S. |
|---|---|---|
| Inflation (%) | 2.9 | 2.9 |
Economic Output
Idaho is home to two Fortune 500 companies, Micron Technology and Albertsons, and exports about $1.8 billion in goods annually.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED IDNGSP).
- •Micron Technology, one of the world's largest semiconductor makers, is headquartered in Boise, Idaho.
Industry Breakdown
Manufacturing, anchored by the semiconductor industry, is the largest sector in Idaho's economy.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED IDGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED IDMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED IDCONS).