50 in 50: Idaho

50 in 50: Idaho

50 states in 50 weeks: U.S. states economic and infrastructure highlights.

Key Economic Indicators

GDP: $77.5 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 3.7% (U.S: 1.6%)

GDP per capita: $40,782 (U.S.: $58,154)

Population: 1.9 million

Population 5-year CAGR (2017-2021): 2.5% (U.S.: 0.5%)

Unemployment: 2.8% (U.S.: 3.9%)

Economic health ranking: #1 out of 50

Fiscal health ranking: #8 out of 50

Overall tax climate ranking: #20 out of 50

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

Top three industry sectors by GDP 5-year CAGR (2017-2021):

Top three metro areas by GDP:

• Boise City
• Idaho Falls
• Coeur d’Alene

Top three areas by population 5-year CAGR (2016-2020):

• Coeur d’Alene
• Boise City
• Idaho Falls

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2018): C-

Idaho will receive upwards of $3 billion in infrastructure funds from the Infrastructure Investment and Jobs Act (IIJA), which will help the state address critical water, roads, bridges, and school infrastructure issues. Idaho is one of the states with the least percentage of bridges in good condition although it has made progress in recent years as more drivers take to the roads. The state recently signed a bill approving $130 million in funds, primarily from the American Rescue Plan Act (ARPA), directed to the state’s Department of Water Resources. Additionally, funds from the IIJA will help tackle the maintenance backlog for drinking water and wastewater plants challenged to meet federal standards. The IIJA will make the following funds available to Idaho over the next five years (additional funds may be deployed as federal grants get awarded to states):

Construction spending (Value of Construction Put in Place – CPiP):

• Private Nonresidential 2020 CPiP: $1.6 billion; 2.9% 5-year CAGR (2016-2020), above overall U.S. CAGR of 2.0%
• State & Local 2020 CPiP: $1.3 billion; 7.9% 5-year CAGR (2016-2020), above overall U.S. CAGR of 4.8%

AE Industry

ENR 500 firm headquarters (2021): 2

M&A activity since 2018:

• 12 deals with buyers from Idaho
• 8 deals with sellers from Idaho

For customized market research, contact Rafael Barbosa at [email protected] or 972.266.4955. Connect with him on LinkedIn.