Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIMINNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.10
Year-over-Year Change
2.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (HIMINNQGSP) measures the change in U.S. gross state product (GSP) on an annualized basis. This economic indicator provides insights into the overall health and performance of state-level economies.
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 (HIMINNQGSP) is a key metric used by economists and policymakers to track the economic output and growth of individual U.S. states. It represents the annualized rate of change in real gross state product, adjusted for seasonal variations.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this trend to monitor regional economic conditions and inform decision-making.
Key Facts
- The HIMINNQGSP trend is reported quarterly by the BEA.
- This metric is seasonally adjusted to account for typical economic fluctuations.
- Analyzing HIMINNQGSP data can help identify regional economic trends and disparities.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (HIMINNQGSP) measures the annualized change in real gross state product, which represents the overall economic output of individual U.S. states.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional economic performance and growth, enabling policymakers and analysts to better understand state-level economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use HIMINNQGSP data to monitor regional economic conditions, identify growth trends, and inform policy decisions that may impact state-level economies.
Q: Are there update delays or limitations?
A: The HIMINNQGSP data is reported quarterly, with a typical delay of several months between the end of the reporting period and the public release of the data.
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Implicit Regional Price Deflator: Nonmetropolitan Portion for Hawaii
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Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Hawaii
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All Employees: Construction: Specialty Trade Contractors in Hawaii
SMU15000002023800001
State Government Tax Collections, Public Utilities Licenses in Hawaii
HIUTILLICTAX
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIMINNQGSP), retrieved from FRED.