Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIAGRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
435.70
Year-over-Year Change
11.89%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (HIAGRRQGSP) measures the annualized growth rate of real gross state product (GSP) on a quarterly basis. This metric is a key indicator of economic performance and growth at the state level.
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 tracks the annualized growth rate of real GSP, which represents the total economic output of a U.S. state. Economists and policymakers use this data to assess regional economic conditions and identify trends that may inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on their state-level GDP estimates.
Historical Context
Quarterly GSP growth rates are widely monitored by government agencies, businesses, and analysts to understand the health and dynamics of state and regional economies.
Key Facts
- The data is released on a quarterly basis by the BEA.
- Rapid state GSP growth can indicate a booming regional economy.
- Slower growth may signal economic challenges in a state.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (HIAGRRQGSP) measures the annualized growth rate of real gross state product (GSP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic performance and growth at the state level, providing insights into regional economic conditions that can inform policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Quarterly GSP growth rates are widely monitored by government agencies, businesses, and analysts to understand the health and dynamics of state and regional economies, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis by the BEA, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIAGRRQGSP), retrieved from FRED.