Gross Domestic Product: Health Care and Social Assistance (62) in Hawaii
HIHLTHSOCASSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,732.30
Year-over-Year Change
85.65%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the health care and social assistance sector in Hawaii. It provides insights into the economic importance of this industry 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
The GDP for the health care and social assistance sector in Hawaii represents the total value of goods and services produced by this industry. It is a key indicator of the economic output and significance of the health care and social assistance industry within the state's overall economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this trend to analyze the health of Hawaii's economy and the relative importance of the health care and social assistance industry.
Key Facts
- Hawaii's health care and social assistance sector accounts for over 10% of the state's GDP.
- This industry has experienced steady growth in recent years, outpacing the overall state economy.
- The health care and social assistance sector is a major employer in Hawaii, providing jobs for over 100,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the health care and social assistance sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic importance and performance of the health care and social assistance industry in Hawaii, which is a significant sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the health of Hawaii's economy and the relative significance of the health care and social assistance industry.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Health Care and Social Assistance (62) in Hawaii (HIHLTHSOCASSNGSP), retrieved from FRED.