Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Hawaii
Quarterly, Seasonally Adjusted
HIMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.19
Year-over-Year Change
22.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' series measures the gross state product (GSP) for the manufacturing industry in Hawaii on a quarterly basis, adjusted for seasonal variations.
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 economic trend provides insights into the performance and productivity of the manufacturing sector in Hawaii. It is used by economists, policymakers, and market analysts to assess the state's economic health and identify growth or recessionary patterns.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This manufacturing GSP metric is a key indicator for understanding Hawaii's economic development and competitiveness.
Key Facts
- Hawaii's manufacturing GSP reached a high of $6.4 billion in Q4 2019.
- The manufacturing sector accounts for around 2% of Hawaii's total economic output.
- Manufacturing GSP experienced a sharp decline during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross state product (GSP) for the manufacturing industry in Hawaii on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing GSP metric provides insights into the performance and productivity of a key sector of Hawaii's economy, which is useful for economic analysis and policymaking.
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 manufacturing GSP data to assess Hawaii's economic development, competitiveness, and the effectiveness of industry-related policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HIMANQQGSP), retrieved from FRED.