Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii
HIBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,428.50
Year-over-Year Change
43.42%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Hawaii. It provides insights into the performance and contribution of these key sectors to 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
The HIBRDTELENGSP series represents the GDP generated by businesses in the broadcasting (except internet) and telecommunications industries located in Hawaii. This data is used by economists and policymakers to analyze the economic health and growth trends of these technology-driven industries within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national GDP accounts.
Historical Context
This trend is relevant for understanding the role of technology and communications in Hawaii's economy and can inform policy decisions and market analyses.
Key Facts
- Hawaii's broadcasting and telecommunications GDP was $2.7 billion in 2021.
- This sector accounts for over 3% of Hawaii's total economic output.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by businesses in the broadcasting (except internet) and telecommunications industries located in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and contribution of these key technology-driven sectors to Hawaii's economy, which is useful for economic analysis and policy decisions.
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 the national GDP accounts.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and market analyses related to the role of technology and communications in Hawaii's economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of each quarter.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii (HIBRDTELENGSP), retrieved from FRED.