Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Hawaii
HIFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.99
Year-over-Year Change
14.06%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Hawaii measures the real output of this key economic sector in the state. This metric is valuable for economists and policymakers to track the health and growth of Hawaii's financial and real estate services industry.
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 represents the real, inflation-adjusted output of the finance, insurance, real estate, rental, and leasing industries in Hawaii. It is a useful indicator of the economic vitality and productivity of these crucial service sectors that contribute significantly to the state's GDP.
Methodology
The data is calculated using a chained-dollar approach to adjust for price changes over time.
Historical Context
Policymakers and analysts use this index to assess the performance of Hawaii's financial and real estate markets and their impact on the broader state economy.
Key Facts
- Hawaii's finance and real estate sectors make up over 20% of the state's GDP.
- This index uses 2012 as the base year for calculating real output.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the finance, insurance, real estate, rental, and leasing industries in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for assessing the health and growth of Hawaii's crucial financial and real estate services sectors, which are significant contributors to the state's GDP.
Q: How is this data collected or calculated?
A: The data is calculated using a chained-dollar approach to adjust for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the performance of Hawaii's financial and real estate markets and their impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Federal Reserve, with occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Hawaii (HIFININSREALQGSP), retrieved from FRED.