Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Hawaii
HIARTETRTACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.45
Year-over-Year Change
20.73%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic indicator measures the chain-type quantity index for real GDP in the arts, entertainment, recreation, accommodation, and food services sectors in Hawaii. It provides insight into the performance and growth of these key industries in the state.
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
The chain-type quantity index for real GDP is a measure of economic output that adjusts for inflation, allowing for comparisons over time. This trend is useful for policymakers and analysts to understand the productivity and health of Hawaii's leisure and hospitality sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
This indicator helps inform decisions related to tourism, economic development, and fiscal policy in Hawaii.
Key Facts
- Hawaii's leisure and hospitality sectors account for over 20% of the state's GDP.
- The chain-type quantity index adjusts for inflation to provide a real measure of economic output.
- This indicator is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the chain-type quantity index for real GDP in the arts, entertainment, recreation, accommodation, and food services sectors in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of key industries in Hawaii's economy, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions related to tourism, economic development, and fiscal policy in Hawaii.
Q: Are there update delays or limitations?
A: This indicator is updated quarterly by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Hawaii (HIARTETRTACCFDQGSP), retrieved from FRED.