Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii
HIBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,526.30
Year-over-Year Change
78.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in Hawaii. It provides insights into the productivity and growth of these key sectors 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
The Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii series tracks the inflation-adjusted economic output of these industries, which are important contributors to Hawaii's overall economic performance. Economists and policymakers use this data to analyze sectoral trends and assess the relative health of Hawaii's telecommunications and media-related activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by state estimates.
Historical Context
This economic trend is relevant for understanding the dynamics of Hawaii's service-oriented economy and identifying potential policy implications for the telecommunications and broadcasting sectors.
Key Facts
- Hawaii's broadcasting and telecommunications sectors accounted for 2.7% of the state's GDP in 2021.
- This industry group has seen real GDP growth of 3.4% per year on average over the past decade.
- The COVID-19 pandemic had a moderate impact on the sector, with a 1.5% decline in real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of key service sectors within Hawaii's economy, which is important for understanding the state's overall economic performance and dynamics.
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 its comprehensive GDP by state estimates.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the telecommunications and media-related industries in Hawaii and their contributions to the state's overall economic activity.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Hawaii (HIBRDTELERGSP), retrieved from FRED.