Gross Domestic Product: Construction (23) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HICONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,014.20
Year-over-Year Change
26.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the annualized change in real gross private domestic investment in nonresidential structures. This indicator provides insight into business investment trends and economic growth.
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 quarterly series tracks the seasonally adjusted, annualized rate of change in real private investment in nonresidential structures, which includes commercial and industrial buildings, manufacturing plants, and other business facilities. It is a key macroeconomic indicator used to assess the health of the economy and business investment climate.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Economists and policymakers closely monitor this trend to gauge the state of the business cycle and inform decisions around monetary and fiscal policy.
Key Facts
- The series is reported quarterly by the U.S. Bureau of Economic Analysis.
- Nonresidential structures account for around 2.5% of GDP.
- Investment in structures is more volatile than investment in equipment or intellectual property.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the annualized change in real gross private domestic investment in nonresidential structures, such as commercial and industrial buildings.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into business investment trends and is a key gauge of economic growth and the health of the business cycle.
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 Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the state of the business cycle and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The series is reported quarterly with a lag of several weeks, and the data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HICONSTNQGSP), retrieved from FRED.