Gross Domestic Product: Manufacturing (31-33) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,042.80
Year-over-Year Change
24.81%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (HIMANNQGSP) measures the seasonally adjusted annual rate of gross state product (GSP) growth. It is a key economic indicator used to analyze state-level economic performance and growth trends.
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 Quarterly, Seasonally Adjusted Annual Rate (HIMANNQGSP) tracks the annualized rate of change in gross state product (GSP) for a given U.S. state, adjusted for seasonal factors. GSP is the state-level equivalent of the national Gross Domestic Product (GDP), measuring the total economic output of a state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using information from state-level economic surveys and estimates.
Historical Context
This economic trend is widely used by policymakers, economists, and market analysts to evaluate state-level economic conditions and inform decision-making.
Key Facts
- The HIMANNQGSP trend is published quarterly by the BEA.
- Gross state product accounts for over 90% of total U.S. economic output.
- Hawaii had the highest HIMANNQGSP growth rate in Q4 2022 at 6.8%.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (HIMANNQGSP) measures the annualized rate of change in gross state product (GSP) for a given U.S. state, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of state-level economic performance and growth, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using information from state-level economic surveys and estimates.
Q: How is this trend used in economic policy?
A: The HIMANNQGSP trend is widely used by policymakers, economists, and market analysts to evaluate state-level economic conditions and inform decision-making.
Q: Are there update delays or limitations?
A: The HIMANNQGSP data is published quarterly, with a typical release delay of 2-3 months after the end of the reference period.
Related Trends
Estimate of Related Children Age 5-17 in Families in Poverty for Hawaii
PE5T17HI15000A647NCEN
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Hawaii
HIDURMANRGSP
Poverty Universe, Age 0-17 for Hawaii
PUA0T17HI15000A647NCEN
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000002A
All Employees: Accommodation and Food Services in Hawaii
SMU15000007072000001A
Regional Price Parities: Services: Other: Metropolitan Portion for Hawaii
HIMPRPPSERVEOTH
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIMANNQGSP), retrieved from FRED.