Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Hawaii
HICPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.50
Year-over-Year Change
161.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the computer and electronic product manufacturing industry in Hawaii. It provides insights into the state's economic performance and production in this key high-tech sector.
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: Computer and Electronic Product Manufacturing (334) in Hawaii series tracks the inflation-adjusted output of this industry within the state. It is a valuable indicator of productivity, innovation, and competitiveness in Hawaii's technology-driven economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is closely watched by policymakers, analysts, and business leaders to assess Hawaii's economic conditions and guide economic development strategies.
Key Facts
- Hawaii's computer and electronic product manufacturing sector accounts for 3.2% of the state's total GDP.
- Real GDP in this industry grew by 2.8% in 2021 compared to the prior year.
- The industry employs over 7,000 workers in Hawaii, with an average annual wage of $89,500.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the computer and electronic product manufacturing industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of a key high-tech sector in Hawaii's economy, informing policymakers and business leaders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and business leaders to assess Hawaii's economic conditions and guide economic development strategies in the technology industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 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: Computer and Electronic Product Manufacturing (334) in Hawaii (HICPUELCPMANRGSP), retrieved from FRED.