Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii
HIFRBCIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,439.80
Year-over-Year Change
-10.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures real gross domestic product (GDP) for the monetary authorities, credit intermediation, and related services industry in Hawaii. It provides insights into the economic output and performance of this key 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: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii series reflects the inflation-adjusted economic output of this industry in the state. It is a valuable indicator of financial services activity and economic conditions in Hawaii.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the health and growth of Hawaii's financial services sector.
Key Facts
- Hawaii's monetary authorities and credit intermediation sector accounts for over 10% of the state's total GDP.
- This industry has experienced steady growth over the past decade, outpacing the overall state economy.
- The financial services sector is a major employer and contributor to Hawaii's economic prosperity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the monetary authorities, credit intermediation, and related financial services industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and economic contribution of Hawaii's financial services sector, which is a key driver of the state's overall economic growth and prosperity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the health and growth of Hawaii's financial services industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 1-2 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii (HIFRBCIRGSP), retrieved from FRED.