Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii
HIBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.98
Year-over-Year Change
78.48%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii measures the real output of the broadcasting and telecommunications industries in the state. This metric is important for economists and policymakers to understand trends in a critical sector of the local 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 index tracks the inflation-adjusted production levels of Hawaii's broadcasting and telecommunications industries, which include radio, television, wired and wireless communications. It provides insight into the performance and growth of these technology-driven sectors that support businesses and consumers across the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Historical Context
This economic indicator helps inform decisions around infrastructure investment, regulatory policy, and economic development strategies in Hawaii.
Key Facts
- Hawaii's broadcasting and telecommunications industries contribute significantly to state GDP.
- This index reflects the real output growth of a vital technology sector.
- Policymakers use this data to support economic development in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Hawaii's broadcasting and telecommunications industries, including radio, television, and wired/wireless communications.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of a critical technology-driven sector that supports businesses and consumers across Hawaii.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials use this index to inform decisions around infrastructure investment, regulatory policy, and strategies to support Hawaii's technology and communications sectors.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other state-level GDP statistics published by the Bureau of Economic Analysis.
Related Trends
Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii
HIMINEXOILGASNGSP
Real Personal Income: Nonmetropolitan Portion for Hawaii
HINMPRPI
Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Hawaii
HIPRFRMSPRTMSMNGSP
All Employees: Government: State Government Educational Services in Hawaii
SMU15000009092161101SA
Average Hourly Earnings of All Employees: Goods Producing in Hawaii
SMU15000000600000003
Number of Identified Exporters to Germany from Hawaii
HIDEUA475SCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii (HIBRDTELEQGSP), retrieved from FRED.