Idaho’s six major metropolitan areas had Gross Domestic Product growth above the national average in 2017, according to the U.S. Commerce Department’s Bureau of Economic Analysis.
Lewiston, Boise, Coeur d’Alene, Idaho Falls, Pocatello, and Twin Falls each saw the total value of their goods and services in 2017 grow faster than the 2.1 percent average among all U.S. metropolitan areas.
Among Gem State metro areas, Idaho Falls scored the largest growth with an increase in its GDP of 4.9 percent in 2017. Boise came in second at 3.9 percent, followed by Coeur d’Alene and Lewiston each at 2.9 percent, Pocatello at 2.4 percent, and Twin Falls at 2.2 percent.
Economic researchers at the University of Idaho say the GDP growth was due to the state’s status as an attractive, low-cost region to live. Analysts also note growth in Idaho’s urban centers is due to the state’s transition from a natural resources-based economy to one based on tourism, professional services, medical services, and high-tech manufacturing. (Coeur d’Alene Press)
