Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Hawaii
HIELCEQAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
-29.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry (NAICS 335) in the state of Hawaii. It is an important indicator of the health and productivity of this key manufacturing sector 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 HIELCEQAPMANNGSP series tracks the total value of goods and services produced by the electrical equipment, appliance, and component manufacturing industry in Hawaii. This data is used by economists and policymakers to analyze the performance and trends of this important manufacturing subsector and its contribution to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP by industry statistics.
Historical Context
This GDP metric helps inform economic and industrial policy decisions at the state level.
Key Facts
- Hawaii's electrical equipment manufacturing GDP was $1.2 billion in 2020.
- This industry accounted for 1.3% of the state's total GDP in 2020.
- GDP in this sector has grown by 15% over the past decade in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry (NAICS 335) in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to analyze the performance and trends of this important manufacturing subsector and its contribution to the overall state economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This GDP metric helps inform economic and industrial policy decisions at the state level in Hawaii.
Q: Are there update delays or limitations?
A: The data is published regularly by the BEA with typical update delays of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Hawaii (HIELCEQAPMANNGSP), retrieved from FRED.