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US State economic profile
Idaho - Economic Profile
Statistics, economic information and rankings for the Gem State
In 2026, the state of Idaho has a population of 2,070,043, having grown an annualized 1.7% over the five years to 2026, which ranks it 4th out of all 50 US states by growth rate. Idaho's gross state product (GSP) in 2026 reached $103.5b, with growth of 3.1% over the 5 years to 2026. Businesses in Idaho employed a total of 957,503 people in 2026, with average annual employment growth over the past five years of 2.5%. The top three sectors by total employment are Real Estate & Rental & Leasing, Healthcare & Social Assistance, Professional, Scientific & Technical Services, while the unemployment rate across the state in 2026 was 3.8%.
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State economic profile
Idaho Economic Overview
$103.5b
Gross state product
2,070,043
Population
284,800
Businesses
What is Idaho's Gross Domestic Product (GDP)?
In 2026, Idaho's GDP reached $103.5b, representing an increase of 3.1% from 2025. Idaho's GDP has grown at an annualized rate of 2.6% over the five years to 2026. Moreover, Idaho's trailing five-year GDP growth ranks it 10th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Idaho's GDP, and compare them to the national average, using the chart below.
State economic profile
Idaho Industry Trends
Learn about current trends affecting the most significant industries for Idaho's state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 634 industries in Idaho.
What are Idaho's Largest Industries by Revenue?
The largest industries by revenue in Idaho are Health & Medical Insurance, Hospitals and New Car Dealers, which generated $9.7b, $7.5b and $7.3b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Health & Medical Insurance | $9.7b |
| 2. | Hospitals | $7.5b |
| 3. | New Car Dealers | $7.3b |
| 4. | Warehouse Clubs & Supercenters | $6.4b |
| 5. | Electronic Part & Equipment Wholesaling | $6.2b |
| 6. | Dairy Product Production | $5.6b |
| 7. | Gasoline & Petroleum Bulk Stations | $4.8b |
| 8. | Supermarkets & Grocery Stores | $4.6b |
| 9. | Wholesale Trade Agents and Brokers | $4.2b |
| 10. | Housing Developers | $4.1b |
State economic profile
Top Companies in Idaho
Learn about current trends affecting the top companies in Idaho. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Idaho by Employment
The largest companies by employment in Idaho are St. Luke's Health, Walmart and Saint Alphonsus Health System, which employed 16,000, 9,000 and 6,000 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | St. Luke's Health | 16,000 | 1.7% |
| 2. | Walmart | 9,000 | 0.9% |
| 3. | Saint Alphonsus Health System | 6,000 | 0.6% |
| 4. | Albertsons Companies | 5,500 | 0.6% |
| 5. | Micron Technology | 5,500 | 0.6% |
| 6. | Safeway | 5,000 | 0.5% |
| 7. | Kootenai Health | 3,000 | 0.3% |
| 8. | UPS Store | 2,000 | 0.2% |
| 9. | Kroger | 2,000 | 0.2% |
| 10. | Costco Wholesale | 2,000 | 0.2% |
State economic profile
Idaho Sector Statistics
In Idaho, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Idaho's GDP by Sector?
The Real Estate & Rental & Leasing, Healthcare & Social Assistance and Professional, Scientific & Technical Services sectors contributed the most to Idaho's GDP in 2026, representing a combined 39.2% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Real Estate & Rental & Leasing | 18,988,447,773 | 8.3% | 8.7% |
| Healthcare & Social Assistance | 9,985,681,095 | 5.9% | 6.2% |
| Professional, Scientific & Technical Services | 9,753,243,222 | 10.0% | 10.1% |
| Manufacturing | 9,528,786,897 | 1.1% | 1.8% |
| Retail Trade | 7,902,914,449 | 2.4% | 1.8% |
| Wholesale Trade | 6,151,242,105 | 1.1% | -0.2% |
| Construction | 5,602,640,450 | 2.0% | 1.0% |
| Information | 4,450,812,324 | 14.9% | 15.6% |
| Finance & Insurance | 4,063,376,440 | 0.1% | -1.1% |
| Administration, Business Support and Waste Management Services | 3,901,143,979 | 2.2% | 2.2% |
| Accommodation & Food Services | 3,563,716,402 | 4.8% | 4.1% |
| Agriculture, Forestry, Fishing & Hunting | 3,158,301,018 | -2.1% | 0.0% |
| Transportation & Warehousing | 2,838,576,531 | 2.1% | 1.0% |
| Management of Companies and Enterprises | 2,187,414,375 | 11.8% | 12.1% |
| Utilities | 1,963,722,051 | 7.7% | 7.8% |
| Other Services (except Public Administration) | 1,776,016,034 | 0.3% | 0.4% |
| Arts, Entertainment & Recreation | 1,257,254,109 | 12.4% | 12.1% |
| Educational Services | 1,002,699,926 | 5.6% | 6.1% |
| Mining | 705,691,377 | 0.4% | -3.5% |
What is Idaho's Employment by Sector?
The Healthcare & Social Assistance, Retail Trade and Construction sectors contributed the most to employment in Idaho in 2026, representing a combined 38.9% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Healthcare & Social Assistance | 145,609 | 3.2% | 3.9% |
| Retail Trade | 125,554 | 2.4% | 2.3% |
| Construction | 100,966 | 5.7% | 5.0% |
| Accommodation & Food Services | 84,832 | 2.3% | 3.9% |
| Manufacturing | 70,689 | 1.6% | 2.1% |
| Professional, Scientific & Technical Services | 66,343 | 2.8% | 3.2% |
| Administration, Business Support and Waste Management Services | 62,882 | 2.8% | 2.5% |
| Educational Services | 55,685 | 2.6% | 2.8% |
| Transportation & Warehousing | 53,487 | 8.8% | 7.3% |
| Real Estate & Rental & Leasing | 37,523 | 3.6% | 3.6% |
| Other Services (except Public Administration) | 36,007 | 3.2% | 4.3% |
| Wholesale Trade | 34,359 | 1.5% | 1.4% |
| Finance & Insurance | 34,126 | 2.9% | 3.3% |
| Arts, Entertainment & Recreation | 17,054 | 2.5% | 3.8% |
| Information | 15,202 | 3.3% | 4.2% |
| Agriculture, Forestry, Fishing & Hunting | 7,331 | 1.4% | -0.3% |
| Utilities | 6,996 | 1.2% | 0.5% |
| Mining | 2,858 | N/A | 1.0% |
State economic profile
Idaho Employment Trends
957.5k
Employment
3.8%
Unemployment
What Employment Trends are Impacting Idaho?
The state of Idaho employs 957,503 people in 2026, which ranks it 37th out of all 50 US states. Employment in Idaho has grown at an annualized rate of 3.4% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Idaho include Healthcare & Social Assistance, Retail Trade and Construction, which employed 145,609, 125,554 and 100,966 people in 2026, respectively. Idaho's unemployment rate is 3.8% in 2026, which ranks it 13th out of all 50 US states. Idaho's unemployment rate has trended upwards at a rate of 0.9% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Idaho, and compare them to the US economy, using the chart below.
$248.0k
Per capita disposable income
What is Idaho's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Idaho's DPI in 2026 was $248.0k, compared to the US average of $156.5k, which places it 12th out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Idaho's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Idaho Construction & Building Trends
$12,917.6tn
Nonresidential construction
$5.5tn
Residential construction
18,030
Building permits
What can construction trends tell you about a state’s economy?
In Idaho, non-residential construction was $12,917.6tn in 2026, which ranks it 50th out of all 50 US states. Residential construction was $5.5tn in 2026, which places Idaho 36th out of all 50 US states. The number of building permits issued in Idaho in 2026 was 18,030, representing a -1.5% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Idaho, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Idaho Population Statistics
Which Counties in Idaho have the Largest Populations?
The counties with the highest populations in Idaho are Ada County, Canyon County and Kootenai County, which had populations of 548,395, 281,248 and 194,892 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Ada | 548.4k | 1.5% | 26.5% |
| Canyon | 281.2k | 2.9% | 13.6% |
| Kootenai | 194.9k | 1.7% | 9.4% |
| Bonneville | 137.7k | 1.6% | 6.7% |
| Twin Falls | 99.6k | 1.5% | 4.8% |
| Bannock | 93.2k | 1.0% | 4.5% |
| Bonner | 57.2k | 2.8% | 2.8% |
| Madison | 55.5k | 0.5% | 2.7% |
| Bingham | 52.4k | 1.3% | 2.5% |
| Nez Perce | 43.6k | 0.5% | 2.1% |
| Latah | 42.7k | 1.1% | 2.1% |
| Jefferson | 37.2k | 2.8% | 1.8% |
| Elmore | 30.7k | 1.1% | 1.5% |
| Payette | 28.8k | 1.8% | 1.4% |
| Jerome | 26.5k | 1.3% | 1.3% |
| Cassia | 26.4k | 0.9% | 1.3% |
| Blaine | 25.7k | 0.8% | 1.2% |
| Minidoka | 23.3k | 1.2% | 1.1% |
| Gem | 23.0k | 3.0% | 1.1% |
| Idaho | 19.0k | 2.0% | 0.9% |
| Franklin | 16.7k | 2.5% | 0.8% |
| Gooding | 16.5k | 1.0% | 0.8% |
| Fremont | 14.9k | 1.6% | 0.7% |
| Boundary | 14.8k | 3.1% | 0.7% |
| Shoshone | 14.6k | 1.4% | 0.7% |
State economic profile
Idaho Demographics
In Idaho, 34.4% of the population has a Bachelors or higher. The largest ethnic group in Idaho is White, accounting for 78.6% of the state's population.
Education level in Idaho
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 34.4 |
| Other | 65.6 |
Race in Idaho
| Race | Share (%) |
|---|---|
| White | 78.6 |
| Hispanic | 15.0 |
| Other | 3.6 |
| Asian | 1.9 |
| Black | 1.0 |
Idaho State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 634 Idaho industry reports.
Other states to explore
Compare Idaho’s economy with other states in the United States.
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