Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii
HIFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.77
Year-over-Year Change
-10.74%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii measures the real, inflation-adjusted output of the financial services industry in Hawaii.
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 tracks the volume of goods and services produced by businesses in the monetary authorities, central banking, credit intermediation, and related sectors within Hawaii's economy. It provides insight into the state's financial industry and overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantity indexes.
Historical Context
Policymakers and economists analyze this metric to assess the health and growth of Hawaii's financial services sector.
Key Facts
- Hawaii's financial services sector accounts for around 5% of its total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- Monetary authorities and credit intermediation make up the largest components of this index.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of businesses in Hawaii's monetary authorities, central banking, credit intermediation, and related financial services sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Hawaii's financial services industry, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantity indexes.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this index to assess the performance of Hawaii's financial services sector and its contribution to the state's economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii (HIFRBCIQGSP), retrieved from FRED.