Gross Domestic Product: Air Transportation (481) in Hawaii
HIAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,213.50
Year-over-Year Change
82.64%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Air Transportation (481) in Hawaii measures the economic output of the air transportation industry in the state of Hawaii. This metric is important for economists and policymakers to understand the performance and contribution of a key sector within the state'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 real gross domestic product (GDP) generated by the air transportation industry in Hawaii. It is a component of the broader GDP data and provides insight into the economic activity and productivity of this specific industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and analysts use this metric to assess the health and importance of Hawaii's air transportation sector and its role in the overall state economy.
Key Facts
- Hawaii's air transportation industry accounts for a significant portion of the state's GDP.
- The GDP from air transportation in Hawaii has fluctuated over time, reflecting changes in tourism and economic activity.
- Monitoring the air transportation GDP is crucial for understanding Hawaii's economic performance and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by the air transportation industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and contribution of a key sector within Hawaii's economy, which is heavily dependent on air transportation for tourism and commerce.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and importance of Hawaii's air transportation sector and its role in the overall state economy, informing economic development and transportation infrastructure decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of this data, as it is part of the broader GDP reporting process by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Hawaii (HIAIRTRANNGSP), retrieved from FRED.