Chain-Type Quantity Index for Real GDP: Military in Hawaii
HIGOVFEDMILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.36
Year-over-Year Change
-11.26%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Military in Hawaii measures the real output of the federal military sector in Hawaii. This trend is important for economists and policymakers to understand the economic impact of federal military activity in the state.
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 real (inflation-adjusted) economic output from the federal military sector in Hawaii. It is a key indicator of the scale and importance of military activity to the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This metric helps inform decisions around federal military presence and investment in Hawaii.
Key Facts
- The index has a base year of 2012.
- Hawaii has a large military presence, with over 75,000 active-duty personnel.
- Military spending accounts for over 8% of Hawaii's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the federal military sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic impact of federal military activity in Hawaii, a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around federal military presence and investment in Hawaii.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Military in Hawaii (HIGOVFEDMILQGSP), retrieved from FRED.