Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii
HIAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
580.30
Year-over-Year Change
6.30%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii measures the economic output of these industries in the state. It is an important indicator for understanding the composition and performance of Hawaii's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the value added by the agriculture, forestry, fishing, and hunting industries to Hawaii's overall gross domestic product. It provides insight into the relative size and contribution of these sectors to the state's economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP reporting for U.S. states and territories.
Historical Context
Policymakers and industry analysts use this metric to evaluate the economic health and development of Hawaii's primary production sectors.
Key Facts
- Hawaii's agriculture, forestry, and fishing industries account for over 1% of the state's GDP.
- This sector has seen steady growth over the past decade, outpacing the overall state economy.
- Tropical agriculture, commercial fishing, and aquaculture are major components of this industry group in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by Hawaii's agriculture, forestry, fishing, and hunting industries as part of the state's overall gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the importance and performance of primary production sectors that are critical to Hawaii's economy, enabling better analysis of the state's economic composition and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP reporting for U.S. states and territories.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to evaluate the economic health and growth potential of Hawaii's agriculture, forestry, and fishing sectors, informing policies and strategies to support these important industries.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, but may have a lag of several months before the latest figures become available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii (HIAGRNQGSP), retrieved from FRED.